Listing Agreements — Pick Your Poison

National · Agency & Fiduciary Duties — free cheat sheet for the real estate licensing exam.

🤝 Agency & Fiduciary Duties

📋 The 1-minute cheat sheet

Exclusive right to sell: broker paid NO MATTER who finds the buyer — most protection
Exclusive agency: broker paid unless the OWNER sells it themselves
Open listing: any broker who procures the buyer gets paid; owner can sell free
Net listing: broker keeps everything above a set price — illegal/discouraged in most states
All listings need an expiration date; automatic extensions are prohibited

Is Listing Agreements — Pick Your Poison on the real estate exam?

Yes. Agency & Fiduciary Duties is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.