Which type of listing guarantees a commission for the broker?

Study for the Rhode Island Real Estate Sales Test. Access multiple choice questions with detailed explanations. Prepare effectively and ace your exam with confidence!

An exclusive right to sell listing distinctly guarantees a commission for the broker regardless of who sells the property. In this agreement, the property owner grants a broker the sole right to market and sell the property, which means that even if the owner finds a buyer independently, the broker is still entitled to their commission. This type of listing provides strong incentives for brokers to invest time and resources into marketing the property effectively, as it ensures they will be compensated for their efforts.

In contrast, general listings and open listings do not offer the same level of commission security. A general listing may allow multiple brokers to market the property, leading to uncertainty about who will secure a commission. An open listing allows the owner to sell the property themselves without having to pay the broker a commission if they find a buyer. Finally, net listings can be tricky; they allow the broker to keep any amount over a specified price, but they do not guarantee a commission in the same way an exclusive right to sell does, as the total compensation may depend on the sale price being above that net amount.

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