Alberta Real Estate Licensing Exam Practice · Question
What is the 'exclusive right to sell' agreement commonly used in Alberta residential real estate?
This standard listing agreement ensures the brokerage earns commission if the property sells during the term, regardless of the source of the buyer.
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Question: What is the 'exclusive right to sell' agreement commonly used in Alberta residential real estate?
Answer options: ✅ The seller grants one brokerage the sole right to market and sell their property, regardless of who finds the buyer
- The seller can list with multiple brokerages simultaneously
- The brokerage is only paid if they find the buyer themselves
- The seller retains the right to sell the property without paying commission
Correct answer: The seller grants one brokerage the sole right to market and sell their property, regardless of who finds the buyer
Explanation: This standard listing agreement ensures the brokerage earns commission if the property sells during the term, regardless of the source of the buyer.
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