Real Estate Exam [California] 35, Listing Agreements

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - An "Exclusive Right to Sell" listing guarantees the broker a commission if the property sells during the term, regardless of who finds the buyer. - All California exclusive listings must have a definite and final termination date; automatic renewal clauses are prohibited. - Net listings, while legal in California, are discouraged due to potential conflicts of interest and require full disclosure. - The "safety clause" protects a broker's commission for a specified period after expiration for buyers they introduced to the property, provided a written list is given to the seller. - A listing agreement is a bilateral employment contract between the seller and the broker, not the salesperson. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep