Virginia State Real Estate Exam Practice Question
Which of the following listing agreements is prohibited by the Real Estate Board?
Correct Answer: A
Rationale: Option A is prohibited because it allows the broker to receive a commission that exceeds a predetermined amount, which can lead to unethical practices and conflicts of interest. This structure could incentivize brokers to pressure sellers into accepting higher offers than necessary.
Option B is permissible as it encourages brokers to work harder to sell the property, benefiting both parties if the owner decides to sell independently.
Option C is also acceptable, as it provides an incentive for the broker to sell the property promptly, aligning their interests with those of the owner.
Option D is allowed, as offering a bonus for timely sales can motivate brokers without creating conflicts or unethical situations.
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