A Listing Agreement Whereby an Owner Hires Only One Broker

question 43

Multiple Choice

A listing agreement whereby an owner hires only one broker or agent to assist in selling the real property and the owner agrees that if the real property is sold, even if through the owner's effort, a commission is earned by the broker or agent is known as a(n) :

• A) open listing.
• B) exclusive-right-to-sell listing.
• C) multiple listing.
• D) none of the above.

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Definitions:

Congestion

The state of being crowded or overloaded, often causing delays or inefficiencies, particularly in transportation or network systems.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.

Cross Dock Distribution Center

A warehouse where incoming shipments are directly transferred to outgoing trucks or trailers, minimizing storage time and accelerating distribution.

Milk Runs

A delivery method where a single vehicle collects and delivers goods in a route that minimizes transportation time and cost, often used for JIT inventories.