Listing Agreements — Pick Your Poison — Real Estate Exam Cheat Sheet
A free, printable memory helper from CinnaPrep's real-estate exam library.
✦ Exclusive right to sell: broker paid NO MATTER who finds the buyer — most protection
✦ Exclusive agency: broker paid unless the OWNER sells it themselves
✦ Open listing: any broker who procures the buyer gets paid; owner can sell free
✦ Net listing: broker keeps everything above a set price — illegal/discouraged in most states
✦ All listings need an expiration date; automatic extensions are prohibited
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