Wisconsin Real Estate Sales Practice Exam 2025 – Complete Prep Guide

In the context of real estate listings, the exclusive agency listing type allows sellers to retain the option to sell the property themselves, without incurring a commission if they find the buyer independently. This means that if the seller successfully locates a buyer on their own, they are not obligated to pay a commission to the listing agent.

In contrast, with an exclusive right to sell listing, the agent is guaranteed a commission regardless of who finds the buyer. A net listing is less common and focuses on allowing the seller to receive a pre-established amount, with the agent earning any amount over that as commission. An open listing generally allows multiple agents to sell the property, but it also does not protect the seller from owing commission if any agent finds a buyer who ultimately enters into a sale.

So, the unique aspect of the exclusive agency listing is that it provides the seller with the ability to avoid commission fees if they successfully find a buyer themselves, which is not the case in the other listing types.