Episode Details

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: - With an Exclusive Right to Sell listing, the broker earns a commission regardless of who finds the buyer. - An Exclusive Agency listing allows the seller to find their own buyer without having to pay a commission. - An Open Listing is a non-exclusive agreement where only the broker who is the procuring cause of the sale earns the commission. - Net listings are a major exam trap in Texas because they create a conflict of interest and are functionally prohibited. - The key distinction tested on the exam is whether the broker gets paid if the owner finds the buyer themselves. 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