A seller provides a non-exclusive listing agreement to a brokerage. What is a defining characteristic of this type of agreement?

Question: A seller provides a non-exclusive listing agreement to a brokerage. What is a defining characteristic of this type of agreement?

Answer options:

• The seller cannot sell the property themselves during the agreement term without paying commission. ✅ The seller retains the right to list the property with multiple brokerages simultaneously or sell it themselves without obligation to any single brokerage.
• The brokerage is guaranteed to receive commission if the property sells, regardless of who effects the sale.
• The agreement automatically converts to an exclusive listing after a specified period if the property remains unsold.

Correct answer: The seller retains the right to list the property with multiple brokerages simultaneously or sell it themselves without obligation to any single brokerage.

Explanation: In a non-exclusive listing, the seller is not bound to a single brokerage and can engage multiple brokers or find a buyer independently without incurring commission to any brokerage for their own efforts. This differs significantly from an exclusive listing, as outlined in common listing agreement structures.