Which type of listing agreement allows the seller to sell the property without paying an agent?

Prepare for the Kentucky 96-Hour Salesperson Test with multiple choice questions and detailed explanations. Boost your knowledge and confidence for success!

The open listing agreement allows the seller to retain the right to sell their property independently and without an obligation to pay a commission to an agent if they find a buyer themselves. In this type of listing, multiple agents may be introduced to the property and can show it, but only the agent who brings a buyer who successfully completes the purchase earns the commission. This arrangement offers sellers flexibility since they can negotiate their sales and potentially avoid paying commission if they find a buyer directly.

In contrast, an exclusive right-to-sell agreement guarantees the agent a commission regardless of who sells the property, providing less control for the seller. An exclusive agency listing allows the seller to sell the property themselves without owing a commission to the agent if the seller finds a buyer, but they would still owe the agent a commission if an agent sells it. A net listing, while not legal in every state, typically involves the agent receiving a commission on the amount over a predetermined sale price, and does not directly allow for selling without any payment to the agent.

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