Rick signed a listing agreement with Paul, a real estate agent. The agreement stated that if Rick or anyone acting on his behalf should sell his property, Paul would still be entitled to his commission. This type of an agreement is a (n) : Exclusive right to sell T/F

Question

Social Studies

Lydia Mcbride

25 December, 00:06

Rick signed a listing agreement with Paul, a real estate agent. The agreement stated that if Rick or anyone acting on his behalf should sell his property, Paul would still be entitled to his commission. This type of an agreement is a (n) : Exclusive right to sell T/F

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Answers (1)

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Alec Carson · Answer 1

Answer: True

Explanation:

Exclusive right-to-sell is defined as selling process in which broker is provided with commission irrespective of the person who puts efforts to sell the property i. e. - broker or owner of property. This is process is carried in contractual form.

According to the question, exclusive right-to-sell agreement is doen between Rick and Paul where Paul will get commission regardless of the person who sells the property.

Thus, the given statement is true.