Which listing type permits the seller to use several brokers while retaining the right to sell the property themselves without a commission?

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 correct choice is the option where the seller has the flexibility to work with multiple brokers while also reserving the right to sell the property independently without incurring any commission fees. This type of listing is called an open listing.

In an open listing agreement, the seller retains the ability to market and sell the property themselves or choose any number of real estate agents to represent them. If the seller successfully sells the property without broker involvement, they do not owe any commissions. This arrangement can create a competitive environment among brokers since only the one who finds a buyer is compensated, which may incentivize agents to act quickly.

The other types of listings function differently: an exclusive right-to-sell listing guarantees that the broker will receive a commission regardless of who sells the property, whether it's the broker or the seller themselves. A net listing is structured to ensure the seller receives a predetermined amount from the sale, with any excess going to the broker as commission. Lastly, an exclusive agency listing allows the owner to sell the property without a commission if the sale is conducted by the seller themselves, but typically, only one broker is engaged, which limits competition among multiple agents.

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