In which listing type does the seller hire one broker but reserves the right to sell the property himself without paying a commission to the broker?

• A. Open listing
• B. Exclusive Agency Listing
• C. Net Listing
• D. Exclusive Right to Sell

Answer: (B)

Understanding listing agreements and how commissions are handled is what this item tests. In an Exclusive Agency Listing, the seller hires one broker but keeps the right to sell the property themselves without owing a commission to that broker. If the broker brings a buyer, the broker earns a commission; if the seller finds a buyer on their own, no commission is due. This exactly matches the described scenario. The other types don’t fit as well: an Exclusive Right to Sell would require the broker to be paid no matter who sells, so the seller cannot avoid paying if they sell themselves. An open listing allows multiple brokers and also permits the seller to sell without paying commissions if they find a buyer, but the arrangement isn’t limited to one broker. A net listing centers on a stated minimum net amount to the seller and is not about exclusive representation or who pays a commission.