ContractsQuestion 58 of 120
A listing agreement in which the broker earns a commission only if that broker procures the buyer, but the seller may also sell independently without owing a commission, is a(n):
a.Exclusive right to sell listing
b.Exclusive agency listing
c.Open listing that excludes the seller
d.Net listing guaranteed by law
Explanation
In an exclusive agency listing, one broker is authorized, but the seller retains the right to sell the property themselves without paying a commission. This differs from an exclusive right to sell, where the broker earns a commission regardless of who finds the buyer. Both are common listing types.
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