What type of listing allows a broker to earn a commission even if the seller finds a buyer independently?

Study for the New York Real Estate Institute (NYREI) Exam. Get ahead with flashcards and multiple choice questions, each accompanied by hints and explanations. Equip yourself with the knowledge to pass your exam confidently!

The type of listing that allows a broker to earn a commission even if the seller finds a buyer independently is known as an exclusive right to sell listing. In this arrangement, the broker is granted the sole right to market and sell the property. Regardless of who ultimately sells the property—be it the broker or the seller themselves—the broker is entitled to a commission once the sale occurs. This ensures that the broker's efforts are compensated, providing them with a financial incentive to actively promote the property and seek buyers.

This listing type is highly beneficial for brokers, as it guarantees them a commission and encourages them to invest time and resources into the sale. Sellers often prefer this arrangement because it indicates that their property will receive focused marketing and exposure, thus increasing the likelihood of a successful sale.

In contrast, other listing types like exclusive agency and open listings do not provide the same assurance of commission for the broker if the seller finds a buyer independently, making the exclusive right to sell listing particularly distinctive in terms of the broker's rights and incentives.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy