Test Drive Quiz

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1.  The term "listing" has become synonymous with the selling of real estate. In the broadest terms, a listing:

a) - compels the seller to sell if a buyer offers the listed price.
b) - is an employment agreement for the performance of a specified task.
c) - is generally unenforceable.
d) - is a waste of time.


2.  Which of the following listing agreements is generally considered the least desirable from both the broker's and principal's viewpoint, but at the same time, the simplest of those available?

a) - Open listing.
b) - Exclusive listing.
c) - Exclusive right to sell listing.
d) - Multiple listing.