What type of listing agreement provides for the payment of a commission to the listing broker no matter who sells the property?

Get ready for the Michigan Real Estate Salesperson Licensing exam. Study with multiple choice questions and hints, ensuring you're fully prepared for your exam!

The exclusive-right-to-sell listing is a specialized agreement in which the property owner grants a real estate broker the exclusive right to represent them in the sale of their property. Under this agreement, the broker is entitled to a commission regardless of who actually sells the property, whether that is the broker themselves, another broker, or even the property owner directly.

This type of listing provides strong incentives for the broker to actively market and promote the property since their entitlement to a commission is guaranteed. It is a commonly used agreement in real estate transactions because it ensures that the broker will put in the effort to sell the property, knowing they will be compensated for their work.

In contrast, the other types of listings have differing conditions concerning commission payment. For instance, an exclusive agency listing allows the owner to sell the property themselves without paying a commission, while an open listing permits multiple brokers to list the property, with only the broker who sells it receiving a commission. Net listings, on the other hand, are typically illegal in many areas as they can lead to conflicts of interest regarding pricing.

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