What type of listing allows a seller to list property with multiple competing brokers and sell it personally without paying a fee?

Prepare for the Champions Law of Agency Test. Use flashcards and multiple choice questions with hints and explanations to boost readiness. Get exam-ready!

The scenario described involves a seller listing their property with multiple brokers while retaining the right to sell the property on their own without incurring a fee. This aligns perfectly with an open listing.

An open listing allows the seller to work with several real estate agents simultaneously. Since the seller can also market and sell the property independently, they are not obligated to pay any commission to the agents if they find a buyer themselves. This flexibility makes an open listing appealing to sellers who want to explore multiple avenues for selling their property without committing to a single agent or firm.

In contrast, the other types of listings such as exclusive right to sell and exclusive agency listing create specific obligations for payment to the brokerage involved if the property is sold, whether by the agent or the seller themselves. A net listing, while also somewhat flexible, usually involves the agent receiving any amount above a predetermined price, which can create different dynamics and expectations. Therefore, the nature of an open listing is what makes it the correct answer in this context.

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