Free Pennsylvania Real Estate Practice Exam Practice Question
A broker had an exclusive right to sell listing on a house. The broker would have been in violation of the Real Estate Licensing and Registration Act if the broker:
Correct Answer: C
Rationale: An exclusive right to sell listing allows a broker to represent a seller exclusively. Insisting on dual agency, where the broker represents both the buyer and seller, can create conflicts of interest and is often regulated strictly under the Real Estate Licensing and Registration Act, making option C a violation.
Option A is permissible; specifying the duration of a listing contract is a standard practice. Option B is also acceptable, as putting the listing in the Multiple Listing Service (MLS) enhances visibility and is common in real estate transactions. Option D is beneficial for the seller, as providing a comparable market analysis aids in setting a competitive price.
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