National Real Estate Exam (PSI)ContractsEasy
A broker enters into a listing agreement stating that regardless of who finds the buyer — the broker, another broker, or the seller — the listing broker will earn a commission. This type of listing is called:
- ANet listing
- BExclusive-right-to-sell listing
- COpen listing
- DExclusive-agency listing
Show answer & explanationAnswer & explanation
Correct answer: B. Exclusive-right-to-sell listing
An exclusive-right-to-sell listing guarantees the broker a commission no matter who ultimately produces the buyer, including the seller. This is the most protective listing type for the broker.
Why the other options are wrong
- A. A net listing bases the broker's pay on amount above a set seller price, not on exclusivity terms described here.
- C. An open listing pays only the procuring broker and pays nothing if the seller finds the buyer.
- D. An exclusive-agency listing exempts the seller from paying commission if the seller finds the buyer.
Exclusive-Right-to-Sell Listing
A listing agreement in which the broker earns a commission regardless of who sells the property during the listing period, including the seller.
- Most common and broker-favorable listing type
- Broker is paid even if seller finds their own buyer
- Differs from exclusive-agency, which excludes seller-found buyers
Memory trick: Exclusive right = broker's always right (to get paid).