ContractsCâu 59 / 120
Under an 'exclusive right to sell' listing, the listing broker earns a commission:
a.Only if the broker personally finds the buyer
b.Only if the seller finds the buyer
c.Regardless of who procures the buyer during the listing period
d.Never, because commissions are illegal
Giải thích
In an exclusive right to sell listing, the listing broker is entitled to a commission if the property sells during the listing period no matter who finds the buyer, including the seller. It offers the broker the strongest commission protection. This is the most common residential listing type.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 'Liquidated damages' in a purchase contract typically refers to:
- When a new party is substituted for an original party to a contract, with the consent of all parties, this is called:
- 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 'net listing,' which is discouraged or restricted in many jurisdictions, is one in which:
- If a buyer and seller mutually agree to cancel their contract and return to their pre-contract positions, this is called:
- The transfer of one's rights and obligations under a contract to another person is called:
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