A Typical Exclusive Right to Sell Listing Requires the Owner

question 38

Multiple Choice

A typical exclusive right to sell listing requires the owner to

• A) exclude other brokers from advertising or placing a sign on the property.
• B) pay a commission if a purchaser is found who agrees to buy at the price and terms stipulated in the listing.
• C) both a and b.
• D) neither a nor b.

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Definitions:

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, to continuing holding the position.

Secondary Markets

Markets where investors buy and sell securities or assets from other investors, rather than from issuing companies directly.

Original Issue

The first issuance of a security or financial instrument to the public or to investors.

Securities

Securities that signify holding an equity stake in a company listed on the stock market, a debt interest in a corporation or government entity through bonds, or entitlement to ownership through options.