Florida Real Estate Practice Exam

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When a broker receives commission for the sale of a property even though she did not sell it, she most likely has what type of agreement?

  1. Transaction broker

  2. No broker relationship

  3. Exclusive right to sell

  4. Exclusive agency

The correct answer is: Exclusive right to sell

An exclusive right to sell agreement means that the broker is the sole agent with the right to sell the property and earn a commission regardless of who ultimately sells it. This is different from an exclusive agency agreement, where the broker only earns a commission if they are the ones to sell the property. A transaction broker has no direct relationship with the buyer or seller and does not receive a commission for the sale. A no broker relationship means that there is no broker involved in the transaction and therefore no commission.

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