Contracts
An exclusive right-to-sell listing in Utah means:
AOnly the seller may find a buyer
BThe broker earns a commission regardless of who procures the buyer, including the seller themselves✓ Correct
CThe broker earns a commission only if they personally find the buyer
DThe broker may share the listing with any cooperating broker without compensation
Explanation
Under an exclusive right-to-sell listing, the broker earns the agreed commission if the property sells during the listing period, regardless of who—including the seller—procures the buyer.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
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