California Real Estate SalespersonContractsMedium
A seller signs a listing agreement giving Broker Lee the right to earn a commission no matter who sells the property during the listing period, including the seller selling it themselves. This is an example of:
- AAn exclusive agency listing
- BAn exclusive right to sell listing
- CAn open listing
- DA net listing
Show answer & explanationAnswer & explanation
Correct answer: B. An exclusive right to sell listing
An exclusive right to sell listing entitles the broker to a commission regardless of who finds the buyer—even the seller. This is the most protective listing type for the broker.
Why the other options are wrong
- A. Exclusive agency listings exempt the seller from paying commission if the seller sells the property personally.
- C. Open listings allow multiple brokers and pay only the one who procures a buyer.
- D. Net listings involve the broker keeping proceeds above a set price, not exclusivity terms.
Exclusive Right to Sell Listing
A listing agreement giving one broker the right to a commission regardless of who sells the property during the listing term, including the owner.
- Most protective listing type for brokers
- Commission owed even if seller finds their own buyer
- Common in California residential transactions
Memory trick: Exclusive RIGHT means broker always gets paid, even by the owner