Alabama Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is the key feature of an Exclusive Right to Sell listing?

The broker receives commission only if they sell the property

The broker has the sole right to market the property

An Exclusive Right to Sell listing is a type of real estate agreement in which the broker is given the sole right to market and sell the property. This means that the principal (owner) cannot sell the property themselves without owing commission to the broker. Option A is incorrect because in a net listing agreement, the broker only receives commission if they sell the property above a certain price. Option C is incorrect because in an Open Listing agreement, the principal can hire multiple brokers to sell the property and only pay commission to the one who successfully sells it. Option D is incorrect because in an Exclusive Agency listing, the principal can sell the property themselves without owing commission to the broker, but cannot hire another broker to sell it.

Get further explanation with Examzify DeepDiveBeta

Anyone can sell the property

The principal retains the right to sell the property without commission

Next Question

Report this question

Download Alabama Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy