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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Which types of listing agreements specify that the broker will not be compensated unless they directly facilitate the sale?

Exclusive right to sell listing
Open listing and exclusive agency listing
Multiple listing service
Net listing

The correct answer is: Open listing and exclusive agency listing

An exclusive right to sell listing and a net listing are not forms of agreements that specify the broker will not be compensated unless they directly facilitate the sale. An exclusive right to sell listing guarantees the broker a commission regardless of who facilitates the sale, while a net listing has a predetermined minimum amount the seller will receive and anything above that amount will go to the broker. Multiple listing service is not a type of listing agreement and does not address broker compensation. Therefore, the most appropriate choice is B, which includes both open listing and exclusive agency listing.