In Determining the Appropriate Listing Contract to Be Used, It

question 24

Multiple Choice

In determining the appropriate listing contract to be used, it is important to know whether a multiple listing service (MLS) will be employed. The MLS only accepts which of the following types of listing contracts?

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

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Definitions:

Ace of Spades

A specific playing card in a deck, often considered the highest card in the suit of spades and sometimes associated with special significance.

Total Count

The complete number of items or entities in a given set or group.

Probability

The quantifying of an event's chance of occurring with a value between 0 and 1.

Maximum Count

The highest number of occurrences or values in a given set or series.