Unit 10:

Question 1

Type of listings where brokerage gets paid if the property sells, regardless of who finds the buyer, even if the seller sells the property. max protection for broker, broker will give maximum effort, bilateral contract

Answer 1

exclusive right to sell

Question 2

type of listing where seller has no liability to pay the brokerage if the seller finds the buyer. bilateral contract. co-op firms will be paid if they procure the buyer.

Answer 2

exclusive agency

Question 3

type of listing where only the brokerage that procures (finds) the buyer gets paid. Seller can sign open contracts with more than one brokerage firm

Answer 3

open/non/exclusive

Question 4

chart about listing types

Answer 4

on powerpoint slide