Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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What type of agreement allows a seller to give non-exclusive rights to multiple brokers?

Open Listing Agreement
Net Listing Agreement
Option Contract
Exclusive Listing Agreement

The correct answer is: Open Listing Agreement

An open listing agreement allows the seller to give non-exclusive rights to multiple brokers, meaning that the seller can work with multiple brokers to market and sell their property. A net listing agreement is an agreement in which the seller sets a minimum price and any amount above that price is the broker's commission. This type of agreement does not give non-exclusive rights to multiple brokers. An option contract gives the buyer the option to purchase the property at a specific price within a specified time frame, but it does not involve any brokers. An exclusive listing agreement gives exclusive rights to one broker to sell the property, so it does not allow the seller to work with multiple brokers. Therefore, the correct type of agreement for the given scenario is an open listing agreement.