Question: What Is The Most Widely Used Listing Agreement?

What type of agreement would guarantee payment of commission regardless of who actually sells the property?

An exclusive listing is a real estate sale agreement in which a specified real estate agent stands to gain a commission if a property sells within a specified number of months.

In most cases, the agent earns the commission no matter how a buyer is found..

What are the 5 types of agency?

The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee).

Can a seller have multiple agents?

There are no regulations or legislation that states buyers cannot use more than one agent or realtor; however, realtors have a code of ethics they follow, and cannot interfere with another agent’s sales. They will not want to work for a client that is not committed to them or who is attempting to use multiple agents.

What are the three most common types of listings?

What are three most common types of listing? Open listing, exclusive right to sell listing, and exclusive agency listing thing.

Which of the following is the most common type of buyer representation agreement?

Exclusive right-to-represent contracts. This is the most common buyer-broker agreement between home buyers and brokers. This agreement outlines the obligations of the broker, the broker-agent relationship, and the responsibilities of the buyer.

Which type of listing agreement gives the broker the greatest assurance of getting a commission?

The exclusive listing gives the listing broker the greatest assurance of receiving compensation for marketing efforts. In some states, an exclusive right-to-sell listing is enforceable only if it is in writing and has an expiration date.