Listing Agreements
Practice Exam
2026/2027 VERSION
WITH QUALITY
QUESTIONS AND
VERIFIED ANSWERS
100% CORRECT WITH
RATIONALES AND PDF
DOWNLOAD.
,1. What is a listing agreement?
A. A contract between buyer and seller
B. A contract between seller and broker
C. A lease agreement
D. A financing agreement
Answer: B
Rationale: A listing agreement is a
contract authorizing a broker to
represent a seller in selling property.
2. Which listing gives the broker the
exclusive right to sell and earn a
commission regardless of who finds the
buyer?
,A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
Answer: D
Rationale: The exclusive right-to-sell
guarantees commission no matter who
procures the buyer.
3. In an open listing, who gets paid?
A. Any broker involved
B. The listing broker only
C. The broker who finds the buyer
D. The seller
Answer: C
, Rationale: Only the broker who
successfully produces a ready, willing,
and able buyer earns commission.
4. What type of listing allows the owner
to sell without paying commission?
A. Exclusive right-to-sell
B. Exclusive agency
C. Net listing
D. Open listing
Answer: B
Rationale: In an exclusive agency listing,
the seller retains the right to sell
independently.
Practice Exam
2026/2027 VERSION
WITH QUALITY
QUESTIONS AND
VERIFIED ANSWERS
100% CORRECT WITH
RATIONALES AND PDF
DOWNLOAD.
,1. What is a listing agreement?
A. A contract between buyer and seller
B. A contract between seller and broker
C. A lease agreement
D. A financing agreement
Answer: B
Rationale: A listing agreement is a
contract authorizing a broker to
represent a seller in selling property.
2. Which listing gives the broker the
exclusive right to sell and earn a
commission regardless of who finds the
buyer?
,A. Open listing
B. Net listing
C. Exclusive agency listing
D. Exclusive right-to-sell listing
Answer: D
Rationale: The exclusive right-to-sell
guarantees commission no matter who
procures the buyer.
3. In an open listing, who gets paid?
A. Any broker involved
B. The listing broker only
C. The broker who finds the buyer
D. The seller
Answer: C
, Rationale: Only the broker who
successfully produces a ready, willing,
and able buyer earns commission.
4. What type of listing allows the owner
to sell without paying commission?
A. Exclusive right-to-sell
B. Exclusive agency
C. Net listing
D. Open listing
Answer: B
Rationale: In an exclusive agency listing,
the seller retains the right to sell
independently.
