Ace the New York Real Estate Salesperson Exam 2026 – Unlock Your Shiny New Career!

The correct answer is based on the nature of the agreement in question. An Exclusive Agency listing permits property owners to sell their property independently without incurring a commission fee to the broker if they find a buyer themselves. In this type of agreement, the broker is granted the right to market the property and earn a commission if they bring a buyer, but the owner retains the ability to sell the property without owing a commission to the broker if they secure a buyer on their own.

The context of other types of listings clarifies further: an Open Listing allows multiple brokers to market the property, and the seller owes a commission only to the broker who sells the property. An Exclusive Right to Sell grants the broker the exclusive right to receive a commission regardless of who sells the property, including the owner themselves. A Net Listing is a less typical agreement where the seller specifies a net amount they want to receive, and any amount above that goes to the broker, but this does not directly relate to the owner's ability to sell independently without owing a commission.