Washington State Real Estate Practice Exam

The correct answer is that "Comprehensive Listing" is not a type of listing agreement. In real estate, there are well-established types of listing agreements that clearly define the relationship between a seller and a real estate agent. The Exclusive Right-to-Sell Listing, Exclusive Agency Listing, and Open Listing are all recognized types of agreements used in the sale of property. The Exclusive Right-to-Sell Listing grants the agent the right to earn a commission regardless of who sells the property, while the Exclusive Agency Listing allows the seller to sell the property themselves without paying a commission to the agent if the seller is the one who finds a buyer. An Open Listing offers the seller the ability to work with multiple agents and only pays a commission to the agent who brings a buyer. In contrast, a Comprehensive Listing does not have a defined meaning in the context of real estate listing agreements and therefore does not exist as a recognized category in standard real estate practice. Understanding the differences among these types of agreements is crucial for navigating the sales process and ensuring proper representation in real estate transactions.