California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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What type of listing agreement allows Seller A to sell her property without owing a commission if she does it without Broker B's help?

An exclusive agency listing
An exclusive right-to-sell listing
An open listing
A pocket listing

The correct answer is: An exclusive agency listing

An exclusive agency listing allows Seller A to sell her property without owing a commission if she does it without Broker B's help. This makes B the exclusive agent, meaning B is the only one who can earn commission on the sale. In an exclusive right-to-sell listing, even if Seller A sells the property without B's help, B is still entitled to the commission. An open listing allows multiple brokers to sell the property and whoever brings the buyer receives the commission, making it less advantageous for Broker B. A pocket listing is an informal arrangement where the property is not listed on the MLS and is kept confidential, so it is not relevant in this scenario.