Listings

Question 1

Open Listing

Answer 1

Not only allows seller to list property with more than one broker, but also allows him the priveledge of selling the property himself. Commission goes to the first broker who sells it.

Question 2

Exclusive Right to Sell Listing

Answer 2

the broker is the sole and “exclusive” agent for the seller for a period of time. Broker will receive commission, even if landowner or anyone else sells the property during the listing period.

Question 3

Exclusive Agency Listing

Answer 3

Seller has one broker only, but also can sell property himself. Has no obligation to give commission if the buyer was not found through the broker

Question 4

Net Listing

Answer 4

Owner specifies a certain price and anything over is paid to the selling broker

Question 5

Special Agent

Answer 5

Broker

Question 6

Direct Agent of Broker

Answer 6

Salesperson

Question 7

Reversed

Not only allows seller to list property with more than one broker, but also allows him the priveledge of selling the property himself. Commission goes to the first broker who sells it.

Answer 7

Open Listing

Question 8

Reversed

the broker is the sole and “exclusive” agent for the seller for a period of time. Broker will receive commission, even if landowner or anyone else sells the property during the listing period.

Answer 8

Exclusive Right to Sell Listing

Question 9

Reversed

Seller has one broker only, but also can sell property himself. Has no obligation to give commission if the buyer was not found through the broker

Answer 9

Exclusive Agency Listing

Question 10

Reversed

Owner specifies a certain price and anything over is paid to the selling broker

Answer 10

Net Listing

Question 11

Reversed

Broker

Answer 11

Special Agent

Question 12

Reversed

Salesperson

Answer 12

Direct Agent of Broker