An _____________ listing does not need to contain an expiration date. a) open b)

Question

An _____________ listing does not need to contain an expiration date.
a) open
b) exclusive agency
c) exclusive right-to-buy
d) None of the above.
An exclusive right-to-sell listing agreement entitles a broker to a fee from a seller when:
a) the seller accepts an offer from a buyer submitted by the broker.
b) anyone acquires the property during the listing period.
c) the seller acquires replacement property in a transaction negotiated by the broker.
d) All of the above.
Rejection occurs when:
a) a seller seeks different terms by a counteroffer.
b) a seller refuses to accept a full listing offer.
c) Both a and b.
d) Neither a nor b.
A withdrawal-from-sale clause entitles a broker to be paid a full listing fee if, during the listing period, the owner's conduct causes the property to be:
a) withdrawn from the market.
b) transferred to others.
c) made unmarketable.
d) All of the above.
On a breach by a seller of a listing which does not contain a termination-of-agency clause, the terminated broker is only entitled to:
a) the out-of-pocket costs expended to service the listing.
b) the value of the time and effort expended under the listing.
c) Both a and b.
d) Neither a nor b. An _____________ listing does not need to contain an expiration date.
a) open
b) exclusive agency
c) exclusive right-to-buy
d) None of the above.
An exclusive right-to-sell listing agreement entitles a broker to a fee from a seller when:
a) the seller accepts an offer from a buyer submitted by the broker.
b) anyone acquires the property during the listing period.
c) the seller acquires replacement property in a transaction negotiated by the broker.
d) All of the above.
Rejection occurs when:
a) a seller seeks different terms by a counteroffer.
b) a seller refuses to accept a full listing offer.
c) Both a and b.
d) Neither a nor b.
A withdrawal-from-sale clause entitles a broker to be paid a full listing fee if, during the listing period, the owner's conduct causes the property to be:
a) withdrawn from the market.
b) transferred to others.
c) made unmarketable.
d) All of the above.
On a breach by a seller of a listing which does not contain a termination-of-agency clause, the terminated broker is only entitled to:
a) the out-of-pocket costs expended to service the listing.
b) the value of the time and effort expended under the listing.
c) Both a and b.
d) Neither a nor b. An _____________ listing does not need to contain an expiration date.
a) open
b) exclusive agency
c) exclusive right-to-buy
d) None of the above.
An exclusive right-to-sell listing agreement entitles a broker to a fee from a seller when:
a) the seller accepts an offer from a buyer submitted by the broker.
b) anyone acquires the property during the listing period.
c) the seller acquires replacement property in a transaction negotiated by the broker.
d) All of the above.
Rejection occurs when:
a) a seller seeks different terms by a counteroffer.
b) a seller refuses to accept a full listing offer.
c) Both a and b.
d) Neither a nor b.
A withdrawal-from-sale clause entitles a broker to be paid a full listing fee if, during the listing period, the owner's conduct causes the property to be:
a) withdrawn from the market.
b) transferred to others.
c) made unmarketable.
d) All of the above.
On a breach by a seller of a listing which does not contain a termination-of-agency clause, the terminated broker is only entitled to:
a) the out-of-pocket costs expended to service the listing.
b) the value of the time and effort expended under the listing.
c) Both a and b.
d) Neither a nor b.

Explanation / Answer

open

reason - an open contract doesnt need any expiration date.

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all of the above

reason - the broker is entitled to the comission when property is sold by any means wheather the brroker is involved or not. under the lsiting period.

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a seller refuses to accept a full listing offer.

reason- a contract is rejected when the seller made a refusal to accept the contractual offere=.

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all of the above

reason-

A withdrawal-from-sale clause entitles a broker to be paid a full listing fee if, during the listing period, the owner's conduct causes the property to be:

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