Free Pennsylvania Real Estate Practice Exam Practice Question
A seller has entered into an exclusive agency agreement IF:
Correct Answer: D
Rationale: An exclusive agency agreement allows only one broker to represent the seller, while the owner retains the right to sell the property independently without paying a commission.
Option A is incorrect because it suggests multiple brokers can sell the property, which contradicts the exclusivity of the agreement.
Option B is misleading; in an exclusive agency, the commission is not divided among brokers if one broker sells the property.
Option C is also wrong, as the owner is not obligated to pay a commission if they sell the property themselves. Thus, option D accurately reflects the nature of an exclusive agency agreement.
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