Wisconsin Real Estate Sales Practice Exam

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If a cooperating broker is not involved, what does this imply about the transaction?

The sale is commission-free
Only one broker represents the seller
There is a dual agency involved
More than one listing agent is engaged

The correct answer is: Only one broker represents the seller

When a cooperating broker is not involved in a real estate transaction, it signals that there is only one broker involved who exclusively represents the seller. This means that the seller's broker is handling all aspects of the transaction without the assistance or collaboration of another broker representing the buyer. In such cases, the broker's responsibilities and fiduciary duties are focused solely on the seller's interests. In contrast, the other options suggest different scenarios that don't accurately apply to a situation with only a single broker representing the seller. For instance, if it were commission-free, it would not necessarily relate to the absence of a cooperating broker but rather the specifics of the agreements in the transaction. Dual agency pertains to a broker representing both the seller and buyer, which is not applicable here. More than one listing agent suggests involvement of multiple representatives, which again does not align with the situation of a single broker engagement. Thus, the implication of only having the seller's broker involved is that they are the sole representative for the seller in this transaction.