California Real Estate Practice Exam

Seller A wants to use the services of a real estate professional to help sell her house, but also wants to try to sell it herself without paying a broker if she succeeds. What type of agreement(s) should she have?

1. Open listing and exclusive right to sell listing

2. Open listing and exclusive agency listing

3. Exclusive agency listing only

4. Exclusive right to sell listing only

The correct answer is: Open listing and exclusive agency listing

The correct choice is a combination of an open listing and an exclusive agency listing. An open listing allows Seller A to sell her home independently while also offering the property for sale through various brokers. This means if she finds a buyer without the assistance of an agent, she won’t owe a commission to anyone. On the other hand, an exclusive agency listing provides Seller A the option to work with a real estate professional while still maintaining the right to sell the property herself without incurring a commission. This fits her desire to minimize costs while also having professional support. Combining both types of agreements allows Seller A flexibility and control over the sale process. She can benefit from the services of a real estate agent for broader marketing and expertise while retaining the chance to sell the home on her own if she finds a buyer. Thus, the combination ensures that she has the best of both worlds in terms of selling her property.