There Are a Number of Different Types of Listing Contracts

question 20

Multiple Choice

There are a number of different types of listing contracts that can be used when marketing a property. Which of the following types of listings requires the broker to be paid a commission if any other broker, or even the owner, sells the property during the contract period?

• A) Open listing
• B) Single listing
• C) Exclusive agency listing
• D) Exclusive right of sale listing

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Definitions:

Primary Aspects

Fundamental elements or characteristics that are central to understanding or analyzing a subject or issue.

Area Chart

A type of graph that represents quantified values as areas under a line, often used to track changes over time.

Construction

The process of building or assembling infrastructure, buildings, or other physical structures from a design, involving various trades and materials.

Graphing Data

Graphing data involves displaying numerical information in a visual format, such as charts or graphs, to facilitate easier understanding, analysis, and comparison.