Which type of listing agreement allows a seller to retain the right to sell the property themselves without paying a commission?

Get ready for the Georgia State Real Estate Exam! Study with flashcards and multiple choice questions, each question has hints and explanations. Be well-prepared and confident to pass the exam on your first try!

The correct answer is the Exclusive Agency Listing. This type of listing agreement allows the seller to have the flexibility to sell their property on their own without incurring a commission fee for that sale. In an Exclusive Agency Listing, the seller gives one broker the exclusive right to market the property, but retains the right to find a buyer independently. If the seller successfully sells the property without the broker's assistance, they do not owe the broker any commission.

In contrast, an Exclusive Listing typically grants one agent the right to sell the property, and the seller cannot sell the property themselves without incurring a commission. An Open Listing allows multiple agents to have the right to sell the property, providing the seller with more flexibility, but it does not grant exclusivity. Selling Listing is not a recognized term within listing agreements for real estate. Therefore, the distinguishing feature of the Exclusive Agency Listing is its provision for the seller to sell independently without a commission obligation, which makes it the correct choice.

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