Question

Which listing form is used whereby a property owner can sell the property himself and not pay the listing broker a commission? A. an exclusive right to sell listing B. a net listing C. an exclusive agency listing D. an open listing

Answer 1

C. an exclusive agency listing

Explanation:

In an exclusive agency listing, the owner of the property is not liable to pay commission if he himself sell the property and not by the help of broker. It is somehow similer to an open listing, where the owner can approach many brokers to sell the property and not liable to pay commission to any of them if the property is sold by the owner himself and not by the brokers.

In an exclusive right to sell listing, the broker gets the commission, whether he sell the property or the owner himself sell the property.

In net listing , the broker can quote any amount to the buyer of the property, over and above the price demanded by the seller.