Which of the following is NOT a type of listing agreement?

Which of the following is NOT a type of listing agreement?

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

Answer: (D)

The answer is correct because a general listing is not a recognized type of listing agreement in real estate. In real estate, an exclusive right to sell agreement, exclusive agency agreement, and open listing are all widely accepted types of listing agreements. An exclusive right to sell agreement grants one broker the sole right to sell the property, meaning the broker earns a commission regardless of who finds the buyer. This type of agreement provides the broker with a strong incentive to market the property aggressively. An exclusive agency agreement allows the seller to retain the right to sell the property independently without owing a commission to the broker if they find the buyer themselves, but if the broker secures the buyer, the seller must pay a commission. An open listing is a non-exclusive agreement where the seller can work with multiple brokers, and only the broker who brings in a buyer earns the commission. This type of agreement often leads to less commitment from brokers to market the property since it can be sold by others as well. The term "general listing," on the other hand, is not standard in real estate terminology and does not represent a specific type of listing agreement in practice. Thus, distinguishing it from the three recognized types highlights why it is the correct choice for the answer.

The answer is correct because a general listing is not a recognized type of listing agreement in real estate. In real estate, an exclusive right to sell agreement, exclusive agency agreement, and open listing are all widely accepted types of listing agreements.

An exclusive right to sell agreement grants one broker the sole right to sell the property, meaning the broker earns a commission regardless of who finds the buyer. This type of agreement provides the broker with a strong incentive to market the property aggressively.

An exclusive agency agreement allows the seller to retain the right to sell the property independently without owing a commission to the broker if they find the buyer themselves, but if the broker secures the buyer, the seller must pay a commission.

An open listing is a non-exclusive agreement where the seller can work with multiple brokers, and only the broker who brings in a buyer earns the commission. This type of agreement often leads to less commitment from brokers to market the property since it can be sold by others as well.

The term "general listing," on the other hand, is not standard in real estate terminology and does not represent a specific type of listing agreement in practice. Thus, distinguishing it from the three recognized types highlights why it is the correct choice for the answer.