A real estate contract given to one broker as sole agent for the sale of an owner's property, with a commission going to that broker regardless of who actually sells the property during the contract period, is

A real estate contract given to one broker as sole agent for the sale of an owner's property, with a commission going to that broker regardless of who actually sells the property during the contract period, is

• A. Open listing
• B. Net listing
• C. Exclusive agency listing
• D. Exclusive right-to-sell listing

Answer: (D)

The key idea is how the broker is compensated under different listing types. In an exclusive right-to-sell agreement, one broker has the exclusive right to market the property and the broker earns a commission no matter who actually completes the sale during the listing period. That means the owner’s sale, whether brought by the broker, another broker, or even the owner themselves, still results in the listed broker receiving the agreed commission. This is exactly what the scenario describes: a sole agent for the sale with a commission going to that broker regardless of who sells the property. This wouldn’t fit exclusive agency, where the owner could sell without paying a commission if they personally find a buyer. It wouldn’t fit an open listing, where multiple brokers may be involved and only the procuring broker earns the commission. It isn’t a net listing, which involves the broker taking the difference between the sale price and the seller’s net amount rather than guaranteeing payment regardless of who sells.

The key idea is how the broker is compensated under different listing types. In an exclusive right-to-sell agreement, one broker has the exclusive right to market the property and the broker earns a commission no matter who actually completes the sale during the listing period. That means the owner’s sale, whether brought by the broker, another broker, or even the owner themselves, still results in the listed broker receiving the agreed commission. This is exactly what the scenario describes: a sole agent for the sale with a commission going to that broker regardless of who sells the property.

This wouldn’t fit exclusive agency, where the owner could sell without paying a commission if they personally find a buyer. It wouldn’t fit an open listing, where multiple brokers may be involved and only the procuring broker earns the commission. It isn’t a net listing, which involves the broker taking the difference between the sale price and the seller’s net amount rather than guaranteeing payment regardless of who sells.