Agency
In Tennessee, which type of listing gives only one broker the exclusive right to represent the seller AND earn a commission regardless of who sells the property?
AExclusive agency listing
BOpen listing
CExclusive right-to-sell listing✓ Correct
DNet listing
Explanation
An exclusive right-to-sell listing gives the listing broker the exclusive right to market the property and earn a commission if the property sells during the listing period, regardless of who procures the buyer — even if the seller finds the buyer themselves.
Related Tennessee Agency Questions
- The Tennessee Agency Disclosure document must be provided to a prospective buyer or seller:
- In Tennessee, a seller's listing agreement obligates the seller to pay the commission when the broker produces a ready, willing, and able buyer. 'Able' buyer means:
- In Tennessee, a limited dual agency is permitted when:
- In Tennessee, a seller's broker who shows a buyer properties listed by other firms (as a cooperating broker) represents:
- Which of the following is an example of 'puffing' rather than a material misrepresentation?
- An agency relationship is generally terminated by all of the following EXCEPT:
- In Tennessee, a 'designated agency' arrangement means:
- In Tennessee, the duty of confidentiality to a client means the broker may NOT disclose:
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