Broker Jill has an agreement with that says Jill will receive compensation if anyone except Alice sells Alice's home. What kind of agreement is this? A. Exclusive agency B. Net listing. C. Exclusive right to sell. D. Open listing

Answer :

Answer:

A. Exclusive Agency

Explanation:

Listing Agreement is an essential contract in the real estate business especially when listing a property. It is a contract that is legally binding by creating a relationship between a broker and the principal in the real estate transaction. The principal is the client for instance who wants to list and sell a property and the broker is the agent who sells the property.

Exclusive agency listing represents a legally binding agreeement between the broker and the princpal/seller where an agreement is binding that the agent is to be paid a commission if the listed propery is to be sold through the efforts the efforts of any except the effrots of the principal or the seller.

In the agreement between Broker Jill and Alice, if anyone should assist Alice sell the property then Broker Jill is to be paid a commission, however, if Alice sells the property through personal efforts then Broker Jill is not entitled to any commission.

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