Florida Real Estate Practice Exam

What is an Exclusive Right to Sell Listing?

1. The seller must sell the property themselves

2. The broker gets a commission no matter who sells the property

3. The property cannot be listed with any other broker

4. No commission is paid upon the sale

The correct answer is: The broker gets a commission no matter who sells the property

An Exclusive Right to Sell Listing is an agreement between a broker and a seller where the broker is given the sole right to market and sell the property. This means that no other broker can list the property for sale during the agreed upon time period. Option A is incorrect because the seller can still approach potential buyers themselves, but they cannot list the property with another broker. Option C is incorrect because an Exclusive Right to Sell Listing does not restrict the seller from listing with other brokers, but it does give the exclusive rights to the designated broker. Option D is incorrect because the broker will receive a commission regardless of who ultimately sells the property, as long as the sale takes place during the specified time period of the exclusive agreement. This provides motivation for the broker to actively market and sell the property, rather than simply waiting for the seller to find a buyer on their own.