Which type of real estate listing allows a seller to market the property independently while also having an agent?

Prepare for the WRA Broker Test with our quizzes. Use flashcards and multiple-choice questions, with hints and explanations for each question. Get exam ready!

Multiple Choice

Which type of real estate listing allows a seller to market the property independently while also having an agent?

Explanation:
The exclusive agency listing allows a seller to market their property independently while still having an agent involved. In this arrangement, the seller retains the right to sell the property on their own, and if they find a buyer without the help of the agent, they are not obligated to pay the agent a commission. However, if the agent brings a buyer, the seller must pay the agreed-upon commission. This type of listing creates a compromise between full exclusivity and allowing the homeowner the freedom to seek buyers independently. In contrast, an exclusive right to sell listing provides the agent with the sole right to market the property, and the seller must pay the agent a commission regardless of who sells the property. An open listing is a non-exclusive arrangement where multiple agents can market the property, and the seller is obligated to pay only the agent who brings a buyer. Lastly, a net listing is not a common listing type and involves the seller stating a minimum amount they wish to receive from the sale, with any excess going to the agent as commission, but it does not address the seller's ability to independently market the property.

The exclusive agency listing allows a seller to market their property independently while still having an agent involved. In this arrangement, the seller retains the right to sell the property on their own, and if they find a buyer without the help of the agent, they are not obligated to pay the agent a commission. However, if the agent brings a buyer, the seller must pay the agreed-upon commission. This type of listing creates a compromise between full exclusivity and allowing the homeowner the freedom to seek buyers independently.

In contrast, an exclusive right to sell listing provides the agent with the sole right to market the property, and the seller must pay the agent a commission regardless of who sells the property. An open listing is a non-exclusive arrangement where multiple agents can market the property, and the seller is obligated to pay only the agent who brings a buyer. Lastly, a net listing is not a common listing type and involves the seller stating a minimum amount they wish to receive from the sale, with any excess going to the agent as commission, but it does not address the seller's ability to independently market the property.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy