What does an "exclusive agency listing" allow the broker to do?

What does an "exclusive agency listing" allow the broker to do?

• A. Be the sole agent for the sale of a property
• B. List the property on multiple platforms
• C. Work with multiple brokers simultaneously
• D. Market the property exclusively online

Answer: (A)

An exclusive agency listing allows the broker to be the sole agent for the sale of a property while still permitting the property owner to sell the property independently. This means that the broker has the exclusive right to represent the seller in finding a buyer, but if the seller finds a buyer without the assistance of the broker, they are not obligated to pay the broker a commission. This arrangement differs from an exclusive right-to-sell listing, where the broker would earn a commission regardless of how the buyer is found. The nature of an exclusive agency listing establishes a primary relationship between the broker and the seller, ensuring that the broker is the designated representative in marketing and negotiating the sale of the property, while still allowing for self-representation by the seller.

An exclusive agency listing allows the broker to be the sole agent for the sale of a property while still permitting the property owner to sell the property independently. This means that the broker has the exclusive right to represent the seller in finding a buyer, but if the seller finds a buyer without the assistance of the broker, they are not obligated to pay the broker a commission. This arrangement differs from an exclusive right-to-sell listing, where the broker would earn a commission regardless of how the buyer is found.

The nature of an exclusive agency listing establishes a primary relationship between the broker and the seller, ensuring that the broker is the designated representative in marketing and negotiating the sale of the property, while still allowing for self-representation by the seller.