Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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Under what circumstance does an agent not receive a commission in an Exclusive Agency listing?

  1. If the broker sells the property

  2. If another broker sells the property

  3. If the principal sells the property themselves

  4. None of the above

The correct answer is: If the principal sells the property themselves

An Exclusive Agency listing means that the seller has hired one real estate agent to exclusively market and sell their property. In this scenario, the agent will only receive a commission if the property is sold through their efforts. That means if the principal (seller) sells the property themselves, the agent will not receive a commission. Therefore, option C is the correct answer. Option A is incorrect because it states that if the broker (agent) sells the property, they will not receive a commission. This is not true for an Exclusive Agency listing, as the agent is expected to sell the property. Option B is also incorrect because it states that if another broker sells the property, the agent will not receive a commission. Again, this is not true for an Exclusive Agency listing, as the agent is the only one authorized to sell the property. Option D is incorrect because it states that none of the options are

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