Oregon Real Estate Practice Test 2025 – Complete Exam Prep

Question: 1 / 400

What is an exclusive right to sell listing agreement?

A contract that allows multiple brokers to sell a property

A contract that gives one broker the exclusive right to sell a property for a specified time

An exclusive right to sell listing agreement is a contractual arrangement that grants a single real estate broker the exclusive authority to market and sell a property over a specified period. This means that regardless of who sells the property—whether it be the broker or even the seller—the broker is entitled to a commission upon the successful sale. This type of agreement provides the broker with a competitive advantage, as they can dedicate resources to effectively market the property without competition from other brokers.

This arrangement is beneficial to sellers as it encourages the broker to invest time and money into advertising and promoting the property, ensuring a more focused and committed effort towards selling the property. Moreover, the clear terms outlined in such contracts establish a defined period for the agreement, allowing both parties to understand their rights and obligations throughout the sale process.

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A verbal agreement between a seller and a buyer to transact

A contract that requires the seller to manage the sale without help

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