What kind of listing ensures that the broker has exclusive rights to sell the property regardless of who finds the buyer?

Study for the Real Estate Contract Test. Improve your knowledge with interactive flashcards and multiple-choice questions, each equipped with hints and explanations. Prepare well for your exam!

The exclusive right-to-sell listing grants the broker the exclusive authority to sell a property and ensures that the broker will earn a commission on the sale no matter who ultimately finds the buyer, including the seller themselves. This type of listing provides the broker with a strong incentive to actively market the property since their commission is guaranteed regardless of who sells it. The relationship created is one of trust and commitment, where the seller agrees that the broker has the sole right to facilitate the sale, leading to a more dedicated and focused marketing effort from the broker.

In contrast, an open listing allows multiple brokers to list the property, meaning that the seller is not obligated to pay any one broker if they find their own buyer. An exclusive agency listing also allows the seller to find a buyer themselves without owing a commission to the broker; the commission is only due if the broker is the one to bring a buyer. A net listing is a less common agreement where the broker keeps any amount received over a predetermined price, but it can create conflicts of interest and is not widely used in practice.

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