Question

There are a number of different types of listing contracts that can be used when marketing a property. Which of the following types of listings requires the broker to be paid a commission if any other broker, or even the owner, sells the property during the contract period?

a. Open listing
b. Multiple listing
c. Exclusive agency listing d. Exclusive right of sale listing

Answer 1

d. Exclusive right of sale listing

Step-by-step explanation:

Exclusive right of sale listing -

It is also known as the exclusive right to sell .

It is a type of agreement , where the real estate agent has the complete right to sell the property under the time period of three months , is referred to as the Exclusive right of sale listing .

During the time period of three months , the seller do not have the right to list the property by any other agents , and the person is required to pay the commission of the agent , irrespective if the agent finds a buyer or not .

Hence , from the given information of the question,

The correct answer is , Exclusive right of sale listing .