Contracts第 58 / 120 题
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
解析
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.
免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- The remedy of 'specific performance' in a real estate contract dispute means:
- '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:
- Under an 'exclusive right to sell' listing, the listing broker earns a commission:
- 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: