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Types of Agency Agreements: Elements & Disclosures

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a net listing real estate arrangement?

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1. What is an open listing in real estate agreements?

2. What is an exclusive agency listing in real estate agreements?

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About This Quiz & Worksheet

Check your knowledge of property management agency agreements with this quiz and worksheet pair. Questions will ask you to define various types of agency agreements, along with identifying an advantage of using the right kind of agreement.

Quiz & Worksheet Goals

In these assessments, you can check check your comprehension of:

  • Net listing real estate arrangements
  • Open listings in real estate agreements
  • Exclusive agency real estate agreements
  • Exclusive right-to-sell agreements
  • An advantage of having the correct agency agreement

Skills Practiced

  • Interpreting information - verify that you can read information regarding real estate agreements and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the advantage of having the proper agency agreement
  • Knowledge application - use your knowledge to answer questions about various types of property management agency agreements

Additional Learning

The accompanying lesson, Types of Agency Agreements: Elements & Disclosures, can help you learn more about property management agency agreements. This lesson can help you to:

  • Define agency agreements
  • Understand the various roles one can play in agency agreements
  • Describe the four typical seller listing agreements
  • Recall key elements of brokerage contracts
  • Identify how a conflict of interest may affect a real estate transaction
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