Agency & LawQuestion 37 of 120
Under an 'exclusive right to sell' listing, the broker earns a commission:
a.Regardless of who procures the buyer during the listing period
b.Only if the broker personally finds the buyer
c.Only if the seller finds the buyer
d.Only after the property is rented
Explanation
An exclusive right to sell listing entitles the broker to a commission if the property sells during the term, no matter who brings the buyer, including the seller. This provides the strongest commission protection for the broker.
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- The duty of 'accounting' in an agency relationship requires the agent to:
- Placing client or earnest money funds into a broker's personal or general business account instead of a proper trust or escrow account is called:
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