Massachusetts Real Estate License Practice Test

In an exclusive listing, what is typically allowed for the seller?

1. The seller can only sell through the chosen broker

2. The seller can sell the property without commission

3. The seller must pay a commission regardless

4. The seller cannot list with other brokers

The correct answer is: The seller can sell the property without commission

In an exclusive listing, it is generally allowed for the seller to sell the property without paying a commission to the broker. This means that if the seller finds a buyer independently without the broker's assistance, they are not obligated to pay the previously agreed-upon commission, typically because the seller has not used the broker's services for that particular transaction. However, some exclusive listings may include stipulations about commission, so it’s important for sellers to carefully read their listing agreement. This flexibility empowers sellers and can motivate them to actively seek buyers, knowing they have the opportunity to save on commissions if they successfully make a sale without the broker's involvement. While the other options might seem relevant in certain contexts, they do not accurately reflect the standard practices surrounding exclusive listings. For example, in an exclusive listing, the seller will often have the ability to operate independently while having legal obligations to the chosen broker concerning sales through their services. Understanding this aspect of exclusive listings is crucial for sellers navigating real estate transactions.