a broker enters into a listing agreement with a seller. the seller advertises and negotiates a sale contract on the house. at cl

Question

harina [27]

2 years ago

7

a broker enters into a listing agreement with a seller. the seller advertises and negotiates a sale contract on the house. at cl

osing, the broker is paid a full commission. the listing agreement must have been

Business

1 answer:

Aliun [14] · Answer 1 · 2023-04-30T13:47:02+03:00

A listing agreement is a contract between the property proprietor and the estate broker. The listing agreement must have been an exclusive right to sell.

<h3>What is Exclusive Right-to-Sell Listing Agreement?</h3>

An Exclusive Right-to-Sell Listing Agreement is one of the types of listing agreement that is a contract signed by the broker and the owner. The broker acts as an agent that has been involved in sales.

The owner has to pay a commission to the broker even if the sales were not through the agent during the time period of the contractual agreement. The property in the time period cannot be listed with another broker.

Therefore, the listing agreement is Exclusive Right-to-Sell.

Learn more about exclusive right-to-sell, here:

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