What is a contract that guarantees a broker will receive a commission regardless of who sells the property?

Prepare for the Florida Realtor Sales Associate Exam with interactive quizzes, detailed questions, and insightful explanations. Boost your confidence and ace your test!

The correct answer is an exclusive right-of-sale listing. This type of listing agreement gives a broker the right to earn a commission on the sale of a property, no matter who ultimately sells it—be it the broker, another broker, or even the property owner. The essential feature of this contract is that it ensures the broker will be compensated for their efforts, which motivates them to market the property diligently.

In contrast, an exclusive listing typically limits the right to earn a commission to the listing broker unless a specific condition is met. An open listing allows sellers to engage multiple brokers without guaranteeing any broker a commission, meaning a seller could potentially sell the property without owing any broker a fee. An exclusive agency listing can be seen as a middle ground, where the broker has the exclusive right to market the property, but if the seller finds a buyer on their own, they do not owe a commission to the broker.

Thus, the exclusive right-of-sale listing stands out as the agreement that fully assures a commission to the broker, regardless of who makes the sale.

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