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Question 4 of 15 Score: 1 (of possible1 A contract that provides for a commission for the broker regardless of who finds a buyer is a/an:point)A.exclusive agency listingB.exclusive right to sell listingC.net listingD.open listingAnswer Key: BFeedbackUnder an exclusive right to sell listing, the broker receives a commission if the property sells during the listing period, regardless of who actually arranged the sale.Question 5 of 15 Score: 0 (of possible1 A listing agreement that does not contain a complete legal description of the property is:point)
Question 6 of 15 Score: 1 (of possible1 A seller accepted an offer on a property and communicated her acceptance to the buyer. However, before the deal went to escrow, the seller received a second, all-cash offer. The seller rescinded the first acceptance in order to accept the second offer. A court would find that:point)Question 7 of 15 Score: 1 (of possible1 A seller listed his property with a broker, and specified in the listing: "Seller not to receive more than 20% cash downpayment." The broker presented an offer to pay all cash for the property. Thebroker is entitled topoint)