Arizona Real Estate License Practice Exam 2025 – All-in-One Resource to Pass with Confidence!

Question: 1 / 1505

Which listing type would give the broker a commission if a co-worker of a seller makes an acceptable offer?

Exclusive agency

Exclusive right to sell

The exclusive right to sell listing grants the broker the commission regardless of who brings in the buyer, including a co-worker of the seller. This listing type establishes a clear legal agreement that the broker is entitled to a commission if the property sells while the listing is active, regardless of whether the broker or another party, such as a co-worker of the seller, finds the buyer.

In contrast, the exclusive agency listing allows the seller to find a buyer themselves without owing a commission to the broker, meaning that if the seller's co-worker finds the buyer, the broker would not receive a commission. A net listing involves a structure where the broker keeps any amount above a certain price but does not guarantee a commission if the sale does not meet expectations. Open listings allow multiple brokers to compete without guaranteed commissions, meaning a broker would only earn a commission if they are the one to bring the buyer, making it less advantageous for the broker compared to an exclusive right to sell arrangement.

Get further explanation with Examzify DeepDiveBeta

Net listing

Open listing

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy