Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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James is looking to enter into a listing contract
with Mary to sell her house. The two are trying to
come to an agreement on what type of listing
contract to use. What type of listing contract will
offer James the least amount of protection?
O An open listing agreement since it is a
unilateral contract.
O An exclusive Right to Sell agreement since it is
a bilateral contract.
O An Exclusive Agency agreement since the
owner can still find a buyer themselves
O An Exclusive Agency agreement since it is a
unilateral contract.
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Transcribed Image Text:James is looking to enter into a listing contract with Mary to sell her house. The two are trying to come to an agreement on what type of listing contract to use. What type of listing contract will offer James the least amount of protection? O An open listing agreement since it is a unilateral contract. O An exclusive Right to Sell agreement since it is a bilateral contract. O An Exclusive Agency agreement since the owner can still find a buyer themselves O An Exclusive Agency agreement since it is a unilateral contract.
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