Types Of Listings

Question 1

$$>Broker IF customer is procured

Most prevalent; given to one Broker;must usually be written;must expire

Answer 1

Exclusive RIGHT

Question 2

$$>Broker IF customer is procured and client does not procure customer

Exclusive excepting owner

Answer 2

Exclusive AGENCY

Question 3

$$>Broker IF procures customer

Non-exclusive;no stated expiration

Answer 3

Open listing

Question 4

$>Broker- IF Broker is due commission, receives proceeds over sellers minimum

Answer 4

Net listing

Question 5

Broker-authority to enter listing in multiple listing service

Answer 5

“Multiple listing”