Question 51

The seller can sell the property himself and avoid paying a commission.

In an exclusive agency listing, the seller retains the right to sell the property independently without incurring a commission fee, provided that they do not involve the agency in the sale.

A) the licensee is entitled to a commission, no matter who sells the property.

This option is incorrect because, in an exclusive agency listing, the licensee only earns a commission if they are the one who sells the property. If the seller sells it themselves, the licensee does not receive any commission.

B) any number of licensees can list the property, and whoever sells it will earn the commission.

This option is also incorrect. An exclusive agency listing allows only one licensee to represent the seller, meaning that no other licensees can list the property simultaneously. Therefore, the commission is not available to multiple licensees.

C) the licensee's commission will consist of any money above the asking price.

This choice is incorrect as well. The commission for the licensee in an exclusive agency listing is typically a pre-agreed percentage of the sale price, not just the amount above the asking price.

D) the seller can sell the property himself and avoid paying a commission.

This option is correct. The essence of an exclusive agency listing is that while the licensee has the right to sell the property, the seller is also permitted to sell it themselves without paying a commission to the licensee if they do so.

Conclusion

The correct answer, D, accurately reflects the nature of an exclusive agency listing, which allows the seller to sell independently. The other options misinterpret the conditions of the listing, leading to misunderstandings about commission rights and the involvement of multiple licensees. Thus, D is the only option that aligns with the exclusive agency agreement principles.