An exclusive listing is utilized when?

• A. The seller wants multiple brokers to compete.
• B. The seller's broker attempts to find a buyer only through their brokerage; no other brokers are involved.
• C. The listing is shared with all MLS members.
• D. The listing is not subject to a set period.

Answer: (B)

An exclusive listing comes from giving one broker the sole right to market the property. The seller authorizes that broker to handle all efforts to find a buyer, and no other brokers are engaged to assist in marketing. This is why the best description is that the seller’s broker attempts to find a buyer only through their brokerage, with no other brokers involved. With this arrangement, the listing broker typically earns a commission if the property sells during the term, regardless of who actually finds the buyer.

Open competition among brokers would instead be an arrangement where multiple brokers try to bring in a buyer, which is not what an exclusive listing is about. Sharing the listing with all MLS members describes broader marketing to many brokers, not single-broker exclusivity. And whether the listing has a set period is a separate term detail, not the defining feature of exclusivity.