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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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Lindsey
2 days 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
7 days ago
I think the answer might be A because I remember that exclusive listings guarantee a commission to the broker.
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