What type of listing agreement gives one broker the exclusive right to market a property?

What type of listing agreement gives one broker the exclusive right to market a property?

• A. An open listing.
• B. An exclusionary listing.
• C. An exclusive agency.
• D. A net listing.

Answer: (C)

The correct answer is the exclusive agency listing agreement. This type of agreement grants one broker the exclusive right to market and sell the property while allowing the property owner to retain the right to sell the property themselves without owing a commission to the broker if they do so. This arrangement can motivate the broker to market the property effectively, knowing they have the exclusive opportunity to earn a commission upon a successful sale. In contrast, an open listing allows multiple brokers to market the property, giving the seller flexibility but often resulting in less commitment from brokers in terms of marketing efforts. An exclusionary listing is not a standard term in real estate and could potentially confuse the meaning, as it is not widely recognized in practice. A net listing bases the broker's commission on the amount that exceeds a certain price the seller has set, which can lead to ethical concerns and is considered less common and sometimes illegal in certain areas. Thus, the exclusive agency listing stands out as the correct response because it provides a clear exclusive relationship while still granting the seller certain rights.

The correct answer is the exclusive agency listing agreement. This type of agreement grants one broker the exclusive right to market and sell the property while allowing the property owner to retain the right to sell the property themselves without owing a commission to the broker if they do so. This arrangement can motivate the broker to market the property effectively, knowing they have the exclusive opportunity to earn a commission upon a successful sale.

In contrast, an open listing allows multiple brokers to market the property, giving the seller flexibility but often resulting in less commitment from brokers in terms of marketing efforts. An exclusionary listing is not a standard term in real estate and could potentially confuse the meaning, as it is not widely recognized in practice. A net listing bases the broker's commission on the amount that exceeds a certain price the seller has set, which can lead to ethical concerns and is considered less common and sometimes illegal in certain areas. Thus, the exclusive agency listing stands out as the correct response because it provides a clear exclusive relationship while still granting the seller certain rights.