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Real Estate Licensing NCREC-Broker-N Exam - Topic 3 Question 13 Discussion

Which of the following is a key characteristic of an exclusive right to sell listing agreement?
A) The broker is guaranteed a commission if the property sells during the listing term.
B) The seller does not owe a commission if they sell the property themselves.
C) The broker must be the procuring cause of the sale to earn a commission.
D) The seller can list the property with multiple brokers.

Real Estate Licensing NCREC-Broker-N Exam - Topic 3 Question 13 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 13
Topic #: 3
[All NCREC-Broker-N Questions]

Which of the following is a key characteristic of an exclusive right to sell listing agreement?

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Suggested Answer: A

An exclusive right to sell listing gives one broker the sole authority to market and sell a property. The broker is entitled to a commission no matter who procures the buyer, even if the seller finds the buyer independently during the listing period commission payment upon sale within the term---matching option A. Option B is false (that applies to exclusive agency); C applies to open or exclusive-agency; and D conflicts with the exclusivity provision.


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Carli
2 hours ago
I think A is the right answer. Guaranteed commission is key.
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Mirta
5 days ago
D is definitely not true for exclusive listings.
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Erasmo
10 days ago
C is the right answer! The broker needs to be the one who finds the buyer.
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Viola
16 days ago
Wait, are you sure about that? Sounds too good to be true.
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Staci
2 months ago
Totally agree with that!
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Katie
2 months ago
A) The broker is guaranteed a commission if the property sells during the listing term.
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Margery
3 months ago
I’m a bit confused, but I remember that exclusive listings don’t allow multiple brokers, so D seems wrong. Maybe A is the best option?
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Isadora
3 months ago
I practiced a similar question, and I think A is definitely the right choice. Exclusive rights usually mean the broker gets paid regardless of who sells the property.
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Lindsey
3 months ago
I'm not entirely sure, but I feel like B could be correct since I recall something about sellers being able to sell without owing a commission in certain agreements.
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Val
3 months ago
I think the answer might be A because I remember that exclusive listings guarantee a commission to the broker.
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