Practice & ContractsQuestion 101 of 120
Under an exclusive right to sell listing, the broker earns a commission if the property sells during the listing term:
a.No matter who procures the buyer, including the owner
b.Only if the listing broker finds the buyer
c.Only if another broker finds the buyer
d.Only if the owner personally sells it
Explanation
An exclusive right to sell listing entitles the broker to a commission if the property sells during the term regardless of who finds the buyer, even the owner. It offers the broker the greatest protection and is the most common listing type. This differs from an exclusive agency, where an owner-procured sale earns no commission.
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