Agency
A Washington seller hires two different brokers under two separate exclusive right to sell listings covering the same property. This arrangement is:
APermissible if both brokers agree in writing
BPermissible as an open listing situation
CImpermissible because exclusive right to sell listings are exclusive by definition✓ Correct
DRequired to maximize exposure
Explanation
An exclusive right to sell listing grants one broker the exclusive right to represent the seller. The seller cannot simultaneously grant exclusive rights to two different brokers for the same property — doing so would breach one or both contracts.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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