BC Real Estate Trading Services Licensing Exam Practice · Question
What is the primary characteristic of an 'exclusive right to sell' listing agreement?
An 'exclusive right to sell' listing guarantees the listing brokerage a commission if the property is sold during the listing period, even if the seller or anot
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Question: What is the primary characteristic of an 'exclusive right to sell' listing agreement?
Answer options:
- The seller can sell the property themselves without paying commission. ✅ Only the listing brokerage can earn a commission if the property sells, regardless of who found the buyer.
- Multiple brokerages can list the property simultaneously.
- The commission rate is variable based on the selling price.
Correct answer: Only the listing brokerage can earn a commission if the property sells, regardless of who found the buyer.
Explanation: An 'exclusive right to sell' listing guarantees the listing brokerage a commission if the property is sold during the listing period, even if the seller or another party finds the buyer.
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Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
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