In an exclusive agency listing, the seller is permitted to sell the property themselves without paying a commission to the listing broker.

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $25.99Unlock all

Study for the Washington Real Estate Fundamentals Rockwell Exam. Utilize flashcards, multiple choice questions with hints and explanations. Prepare thoroughly for your real estate career!

Multiple Choice

In an exclusive agency listing, the seller is permitted to sell the property themselves without paying a commission to the listing broker.

Explanation:
In an exclusive agency listing, the seller hires one broker as the exclusive agent but retains the right to sell the property themselves without owing a commission to that broker. The broker earns a commission only if they (or a cooperating broker they represent) procure the sale. So, the seller can indeed sell on their own and not pay the listing broker, which makes the statement true. The other options don’t fit because the arrangement of an exclusive agency is defined by who pays the commission, not by market conditions or need for extra information.

In an exclusive agency listing, the seller hires one broker as the exclusive agent but retains the right to sell the property themselves without owing a commission to that broker. The broker earns a commission only if they (or a cooperating broker they represent) procure the sale. So, the seller can indeed sell on their own and not pay the listing broker, which makes the statement true. The other options don’t fit because the arrangement of an exclusive agency is defined by who pays the commission, not by market conditions or need for extra information.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy