15. A distinguishing characteristic of an exclusive right-to-sell listing is that if the selling broker is someone other than the listing broker,
Answer: A
The listing broker still receives a commission.
In an exclusive right-to-sell listing, the listing broker is entitled to receive a commission regardless of who ultimately sells the property. This means that even if the selling broker is different from the listing broker, the latter still earns a commission for their role in the listing agreement.
A) the listing broker still receives a commission.
This option accurately describes the nature of an exclusive right-to-sell listing. In this arrangement, the listing broker earns a commission regardless of whether they or another broker sells the property, ensuring they are compensated for their marketing and listing efforts.
B) the selling broker receives the full commission.
This option is incorrect because it implies that the selling broker would receive the entire commission without any payment to the listing broker. In an exclusive right-to-sell agreement, the listing broker is guaranteed a commission even if another broker sells the property.
C) both brokers are entitled to the full commission.
This option is misleading, as only the listing broker is guaranteed to receive a commission in an exclusive right-to-sell listing. The selling broker may receive a portion of the commission, but not the full amount, since the listing broker’s commission is prioritized.
D) the two brokers must equally divide the commission.
This option is incorrect because it suggests a mandatory equal division of the commission between the two brokers, which is not a requirement in an exclusive right-to-sell listing. The commission structure is typically defined in the listing agreement and may not involve equal sharing.
Conclusion
The correct answer, that the listing broker still receives a commission, highlights the assurance provided to listing brokers in exclusive right-to-sell agreements. Other options fail to recognize the unique characteristics of this type of listing, which guarantees compensation for the listing broker regardless of who sells the property. This key feature is essential for understanding how commission structures operate in real estate transactions.