Contracts, 12% of the examination
Exclusive right-to-sell listing
A listing that generally earns the broker's agreed compensation if the property sells during the term, regardless of who finds the buyer.
It provides broader compensation protection than an exclusive agency listing, where an owner sale can be excluded, and an open listing, where the procuring broker earns the fee. Every exclusive listing must include a definite termination date. For covered single-family residential property, California generally limits an exclusive listing to 24 months for an individual owner, prohibits automatic renewal, and requires any renewal to be written, dated, and signed. The 24-month cap does not apply to an agreement with a corporation, limited liability company, or partnership.
See also
Test the distinction
A relevant question from Contracts, selected because its facts or explanation use this concept.
Which listing type pays the broker regardless of who finds the buyer?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanor under B&P Code section 123.
Primary sources
Use these authorities when a course summary, forum answer, or older flashcard conflicts with the current California rule.