Massachusetts Real Estate License Practice Test

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Study for the Massachusetts Real Estate License Test. Prepare with multiple choice questions and explanations. Ace your exam with comprehensive practice!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What type of listing allows a broker to collect a commission regardless of who sells the property?

Exclusive Right to Sell Listing
Open Listing
Exclusive Agency Listing
Multiple Listing Service

The correct answer is: Exclusive Right to Sell Listing

An Exclusive Right to Sell Listing is the correct response because it grants a real estate broker the exclusive right to earn a commission on the sale of a property, regardless of who ultimately sells it. In this arrangement, even if the property owner sells the property on their own or through a different means without involving another broker, the listing broker is still entitled to their commission as they have the exclusive right to market and promote the property. This type of listing provides strong incentive for brokers to invest time and resources into marketing the property effectively, knowing they will be compensated if a sale occurs during the listing period. It creates a clear understanding between the seller and the broker regarding the broker's rights and compensation. Other listing types, such as an Open Listing or an Exclusive Agency Listing, do not provide the same security for the broker regarding commission should the property sell, making them less favorable for broker business interests. A Multiple Listing Service (MLS) is a tool used by brokers to share listings and does not determine commission rights.