Which statement best describes an exclusive listing?

• A. It allows cooperation with other MLS members
• B. It involves a request for offers from multiple brokers
• C. It gives one broker the authority to offer the property for sale during a specified period
• D. It guarantees the listing will sell the property within a set timeframe

Answer: (C)

An exclusive listing means the seller grants a single broker the exclusive right to market the property for a defined period. During that term, only that broker has the authority to offer the property for sale and to earn a commission if it sells, regardless of who actually finds the buyer. Cooperation with other MLS members is typically allowed, but the defining feature is that one broker has the exclusive right to market the property for the specified time. The other statements describe different scenarios—seeking offers from multiple brokers, or implying a guaranteed sale or other arrangements—not the core idea of an exclusive listing.