Which type of listing contract guarantees the broker a commission regardless of who sells the property?

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 exclusive right-to-sell listing contract is designed to provide the broker with a commission, regardless of who ultimately sells the property. This type of agreement establishes a clear and binding relationship between the homeowner and the broker, granting the broker exclusive rights to market the property. Even if the homeowner finds a buyer independently, the broker is still entitled to their commission. This structure incentivizes the broker to invest significant effort into marketing and selling the property, knowing that their compensation is secured.

This contract type not only protects the broker's interests but also often gives the seller a higher level of service, as the broker has a vested interest in closing the sale. Therefore, the exclusive right-to-sell ensures that the broker is financially motivated to perform at their best, ultimately benefiting the seller as well.

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