Unit 10

Question 1

Exclusive right to sell

Answer 1

Seller employs one broker
Listing broker is paid regardless if who sells the property.

Question 2

Exclusive agency

Answer 2

Seller employs one broker,
Listing broker is paid only if procuring cause of sale,
Seller retains the right to sell without obligation ti listing broker.

Question 3

Open listing

Answer 3

Seller employs multiple brokers,
Only successful listing broker is paid,
Seller retains the right to sell without obligation to any listing broker.