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:

Maturity Stage

The phase in a company's or product's lifecycle when growth stabilizes and earnings are consistent.

Capacity Utilization

A metric that measures the extent to which a firm or economy is using its potential output capacity, often expressed as a percentage.

Breakeven Number

The point at which total cost and total revenue are equal, resulting in no net loss or gain, and is often used to analyze the financial viability of a project or business.

Corporate Tax Rate

The percentage of a corporation's profit that is paid to the government as tax, varying by country and sometimes by profit level.