Quiz 12: Real Estate Brokerage and Listing Contracts
a. The exclusive agency listing is infrequently used and provides less protection to the broker than an exclusive right of sale listing. This arrangement should be used only if Mr. Richardson understands that I, as the agent, will be less willing to spend significant time and effort to market properties listed under this arrangement. b. As the broker, I would always prefer an exclusive right of sale listing, so that I would receive a commission regardless of who sold the property. Short of that, I might stipulate that I would receive compensation for expenses and time if the property is sold by someone else.
E. The hands of his broker.
a. The firm will receive $6,489.75 ( 127,250*.06*.85) b. The amount allocable to the selling agent is $1,717.88 (7,635*.45*.5)