Agency
In Tennessee, a broker's 'exclusive right to sell' listing gives the broker the sole right to:
AShow the property to pre-approved buyers only
BEarn a commission regardless of who sells the property during the listing period✓ Correct
CSet the listing price without seller input
DMake all decisions about offers without consulting the seller
Explanation
Under an exclusive right to sell listing, the listing broker is entitled to a commission if the property sells during the listing period, regardless of who procures the buyer — including the seller personally. This is the most common form of listing agreement in Tennessee.
Related Tennessee Agency Questions
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- In Tennessee, a listing agent who knows the seller is a 'motivated seller' willing to accept below asking price must:
- A licensee who represents a buyer while receiving compensation from the seller without disclosure is:
- In Tennessee, when representing a buyer, an affiliate broker is required to:
- Which of the following best describes the concept of 'vicarious liability' in real estate agency?
- A Tennessee affiliate broker is working with a buyer but has no buyer representation agreement. The broker is most likely acting as:
- When a listing broker enters into a cooperative commission arrangement with a buyer's broker through an MLS, the buyer's broker is acting as:
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