Which statement is true about exclusive right of sale listings?

• A. They require the listing to be in writing and guarantee the broker a commission regardless of who sells.
• B. They can be oral and do not guarantee commission.
• C. They require the owner to never sell.
• D. They only apply to rental properties.

Answer: (A)

Exclusive right of sale listings create a contract in which one broker has the sole right to market the property and to receive a commission if it sells during the listing term, regardless of who finds the buyer. Because these agreements must be in writing to be enforceable, the listing is required to be a written contract that specifies the broker’s commission. This arrangement guarantees the broker a commission whether the buyer is found by the broker, by the owner, or by another broker during the term. It does not rely on an oral agreement, it does not require the owner to never sell, and it applies to property sales (not rentals) under standard practice.