David Saks: Real Estate Practice : Lesson 124

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 124

                                                      business

When we talk about a listing agreement which will compensate only the listing broker that was the procuring cause of the sale we're talking about an exclusive agency listing agreement.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

An exclusive agency listing will compensate either the broker or the seller, because it gives the seller the right to market and sell the property on their own without having to pay a commission.

The type of listing agreement, which is the subject of our question, is known as an open listing agreement and will compensate any broker that secures the sale of the property.




David Saks



Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • April 26 2009 01:55PM

Comments

What a great question, and a lovely photograph. It's brilliantly clear here today and you make we want to play hookey and grab my own camera. The hills are just gorgeous today.

Posted by Vickie Nagy, Vickie Jean the Palm Springs Condo Queen (Coldwell Banker Residential Real Estate) over 10 years ago

Thanks Vicky. I'm glad to hear from you. Hope your having a great weekend.

Posted by David Saks ((retired)) over 10 years ago

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