What type of listing allows an agent to get paid regardless of who sells the property?

Prepare for the Maine Real Estate Sales Agent Test. Use flashcards, and multiple-choice questions with structured hints and detailed explanations. Excel in your exam preparation!

The "exclusive right to sell" listing secures the agent's commission irrespective of who ultimately sells the property. This type of listing establishes a legal agreement between the seller and the agent, where the agent is granted exclusive rights to market the property and receive compensation upon its sale. This arrangement incentivizes the agent to invest time and resources into marketing the property effectively, knowing that they will be compensated regardless of whether the buyer comes through the agent or elsewhere.

In contrast, an open listing allows multiple agents to compete for the sale, meaning commission is only payable to the agent who brings a buyer. A net listing, while related to compensation, can create conflicts as the agent's commission is based on the sale price exceeding a predetermined amount, potentially leading to ethical concerns. Lastly, the creation of an agency pertains to the establishment of a formal agency relationship but does not specify the commission terms related to property sales. Therefore, the exclusive right to sell is unique in its guarantee of compensation for the agent.

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