Burk Baker National Practice Test

The arrangement being tested is about how a listing agreement handles the seller’s ability to sell the property themselves and who earns the commission. The description fits an Exclusive Agency listing. In this setup, a single broker is designated as the exclusive agent, but the seller retains the right to sell the property on their own without owing a commission. If the seller finds a buyer themselves, there’s no commission to the broker; if the broker (or any other broker) brings a buyer, the broker earns a commission. This differs from an Exclusive Right to Sell, where the broker earns a commission no matter who finds the buyer, so the seller wouldn’t retain the right to sell personally. Open listing also lets the seller sell on their own and doesn’t provide the same single-broker exclusivity, which is why Exclusive Agency is the best fit for the described arrangement. Net listing is about price terms and isn’t about who can sell the property.