Which type of listing allows the owner to sell the property without paying the broker a commission?

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

An exclusive agency listing permits the owner to sell the property on their own without being obligated to pay a commission to the broker. In this arrangement, the broker retains the exclusive right to list the property and market it, but if the owner finds a buyer independently, they can sell the property without incurring any commission costs.

This is different from other types of listings where the broker typically earns a commission regardless of who sells the property. For instance, a net listing would typically involve the broker earning a commission based on the amount above a certain price the seller desires, while a non-exclusive right to sell and an open listing generally allow multiple brokers to market the property with commissions due if any broker finds a buyer. Thus, the exclusive agency listing is unique because it allows the owner to avoid a commission if they successfully sell the property themselves.

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