Question of the Day

A contract that authorizes a real estate agent to sell a property during a specified time and allows that licensee to collect a commission if the sale is made by anyone, including the owner, is:

an exclusive agency listing.

a net listing.

an open listing.

an exclusive right to sell.

Explanation

An exclusive right to sell listing agreement is between a broker and a seller in which the broker is given the exclusive right to sell the property. In this type of listing, the broker earns his fee regardless of who brings the buyer, including the owner.

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Question of the Day

A contract that authorizes a real estate agent to sell a property during a specified time and allows that licensee to collect a commission if the sale is made by anyone, including the owner, is:

Explanation

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