What can a seller do if they find a buyer on their own while working with an Exclusive Agency Listing?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Study for the West Virginia Real Estate Exam. Get familiar with key topics and concepts needed to succeed. Utilize practice quizzes and detailed explanations to enhance your preparation. Gear up for your exam!

In an Exclusive Agency Listing agreement, the seller retains the right to find a buyer on their own without incurring a commission obligation to the broker. This type of listing allows sellers to market their property independently. If they successfully sell the property without any assistance from the broker, they are not required to pay a commission to the broker, which is the key benefit of this arrangement. The contract stipulates that the broker is entitled to a commission only if the broker facilitates the sale through their efforts, meaning the seller can take advantage of their own efforts without financial penalty.

In contrast, if a seller engages in an Exclusive Right to Sell Listing, they would owe a commission regardless of how the buyer was found, which highlights the unique nature of the Exclusive Agency Listing. This option emphasizes the flexibility and autonomy that sellers have when they choose to handle their own sale.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy