Virginia Real Estate Exam Practice Question
What type of listing agreement provides the most protection for the listing agents compensation?
Correct Answer: B
Rationale: An exclusive right to sell listing agreement guarantees that the listing agent will receive a commission regardless of who sells the property, ensuring full compensation protection. This contrasts with an exclusive listing (A), which may allow the owner to sell the property independently without owing a commission. A net listing (C) can lead to disputes over commission amounts and is often illegal in many areas, offering less protection. An open listing (D) allows multiple agents to sell the property, diminishing the listing agent's chances of securing a commission if another agent makes the sale.
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