Which of the following is true about exclusive right-to-sell agreements?

Study for the Kentucky Reciprocal Salesperson Test. Explore interactive flashcards and questions with detailed explanations. Ace your exam with confidence!

Exclusive right-to-sell agreements are contracts between a seller and a real estate agent that grant the agent the exclusive right to represent the seller in the sale of their property. The key feature of these agreements is that they ensure the agent earns a commission regardless of who ultimately sells the property. This means that if another agent from a different brokerage, or even the seller themselves, sells the property, the seller is still obligated to pay the commission to the agent who holds the exclusive right-to-sell agreement.

This type of agreement provides the agent with a strong incentive to actively market the property and seek buyers, knowing they will receive compensation for their efforts, even if another party is involved in the actual sale.

The other options do not accurately describe exclusive right-to-sell agreements. A describes a scenario that is not valid under these types of agreements, while C incorrectly states their enforceability in Kentucky. D addresses a legal requirement but does not accurately capture the essence of exclusive right-to-sell agreements, which focus on commission regardless of who sells the property.

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