When a listing contract is written that will pay only the listing broker that has written the listing agreement a commission, if he or she sells the property, but also allows the seller to sell the property on their own without having to pay a commission, we're talking abiut an exclusive right to sell listing agreement.
Is this true or false ?
Take your time. The solution is posted below the royalty free wildlife photo.
The listing agreement described in the opening paragraph is an exclusive agency agreement and will entitle the broker to a commission if anyone in the broker's firm sells the property.
The right to sell the property is reserved by the seller and will allow the seller to sell the property on their own without being obligated to pay a commission.
The exclusive right to sell listing agreement will provide compensation to the listing broker regardless of who sells the property.