Gail's listing stipulates exclusive authority to list the property and allows her to sell the home herself without paying ABC. What type of listing is this?

• A. Exclusive right-to-sell listing
• B. Open listing
• C. Net listing
• D. Exclusive agency listing

Answer: (D)

This question tests understanding of different listing agreements, especially exclusive agency versus exclusive right-to-sell. In an exclusive agency listing, the seller names one broker as the exclusive agent, but retains the right to sell the property themselves without owing a commission to that broker. If the broker procures a buyer, the broker earns a commission; if the seller finds a buyer on their own, the seller pays nothing to the broker. That matches the scenario where Gail gives exclusive authority to list with ABC but can sell the home herself without paying ABC.

This differs from an exclusive right-to-sell listing, where the broker is guaranteed a commission no matter who finds a buyer (even if the seller sells it). It also isn’t an open listing, which doesn’t grant exclusive representation to any single broker, and it isn’t a net listing, which revolves around a stated net to the seller rather than who pays the commission.