Washington Advanced Real Estate Continuing Education Complete Practice Exam 2026

Session length

1 / 20

Which listing type guarantees the broker commission if the property sells?

Open

Exclusive right to sell

The exclusive right to sell listing type guarantees that the broker will receive a commission regardless of who sells the property, including the homeowner themselves. This arrangement provides the broker with a strong incentive to actively market the property since they are assured compensation for their efforts, whether they bring in the buyer or not.

In this scenario, if the property sells, the listing agent will earn their commission, leading to a more committed and aggressive sales strategy. This type of listing is highly favored by brokers as it secures their earnings and encourages them to put forth maximum effort in attracting potential buyers.

Understanding the context of other listing types can clarify why they do not guarantee a commission in the same way. Open listings allow multiple brokers to market the property, and only the broker who brings a buyer earns a commission. Net listings, which can also vary depending on the structure, generally don't guarantee a commission and involve sellers setting a minimum acceptable price. Exclusive agency listings permit the seller to sell the property independently without owing a commission, in case they find a buyer on their own. These differences highlight why the exclusive right to sell is distinctly advantageous for brokers in ensuring they are compensated for their work.

Get further explanation with Examzify DeepDiveBeta

Net

Exclusive agency

Next Question
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy