Which of the following is a key characteristic of an exclusive right to sell listing agreement?
Suggested Answer: A
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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.
21 comments · newest first
LO
Lorenza
1 month ago
A makes the most sense. It’s all about the broker's guarantee.
HY
Hyman
1 month ago
D is definitely wrong. Exclusive means one broker only.
VA
Valda
1 month ago
C is interesting, but not the main point of an exclusive right.
MI
Mitsue
2 months ago
I feel like B could be misleading. Sellers might think they can avoid fees.
CH
Chanel
2 months ago
Definitely A! It protects the broker's interests.
KR
Kristin
2 months ago
I think A is the right answer. Guaranteed commission is key.
SH
Sharita
2 months ago
D is definitely wrong. Exclusive means one broker only.
FE
Felice
2 months ago
C is tricky. Procuring cause is important, but not for exclusives.
TH
Thora
2 months ago
B isn't correct for exclusive rights. A is the standard.
BR
Broderick
3 months ago
But what about B? If I sell it myself, no commission is fair.
MA
Marcelle
3 months ago
I agree, A makes sense. Protects the broker's effort.
CA
Carli
3 months ago
I think A is the right answer. Guaranteed commission is key.
MI
Mirta
3 months ago
D is definitely not true for exclusive listings.
ER
Erasmo
3 months ago
C is the right answer! The broker needs to be the one who finds the buyer.
VI
Viola
4 months ago
Wait, are you sure about that? Sounds too good to be true.
ST
Staci
5 months ago
Totally agree with that!
KA
Katie
5 months ago
A) The broker is guaranteed a commission if the property sells during the listing term.
MA
Margery
6 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?
IS
Isadora
6 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.
LI
Lindsey
6 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.
VA
Val
6 months ago
I think the answer might be A because I remember that exclusive listings guarantee a commission to the broker.