Which types of listing agreements specify that the broker will not be compensated unless they directly facilitate the sale?

Prepare effectively for the California Real Estate Exam with comprehensive quizzes, flashcards, and detailed explanations. Enhance your knowledge of real estate principles, laws, and regulations essential for passing the exam.

Multiple Choice

Which types of listing agreements specify that the broker will not be compensated unless they directly facilitate the sale?

Explanation:
An exclusive right to sell listing and a net listing are not forms of agreements that specify the broker will not be compensated unless they directly facilitate the sale. An exclusive right to sell listing guarantees the broker a commission regardless of who facilitates the sale, while a net listing has a predetermined minimum amount the seller will receive and anything above that amount will go to the broker. Multiple listing service is not a type of listing agreement and does not address broker compensation. Therefore, the most appropriate choice is B, which includes both open listing and exclusive agency listing.

An exclusive right to sell listing and a net listing are not forms of agreements that specify the broker will not be compensated unless they directly facilitate the sale. An exclusive right to sell listing guarantees the broker a commission regardless of who facilitates the sale, while a net listing has a predetermined minimum amount the seller will receive and anything above that amount will go to the broker. Multiple listing service is not a type of listing agreement and does not address broker compensation. Therefore, the most appropriate choice is B, which includes both open listing and exclusive agency listing.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy