Maryland Home Improvement PSI Practice Exam

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Prepare for the Maryland Home Improvement Test. Study using flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel on your exam!

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A couple lists their home and subsequently sells it without paying a commission. The listing was MOST likely what type?

An exclusive agency listing.
An exclusive right to sell listing.
A net listing.
An advance fee listing.

The correct answer is: An exclusive agency listing.

An exclusive agency listing allows the seller to retain the right to sell the property on their own without owing a commission to the real estate agent if they find a buyer independently. This type of listing typically gives the agent the exclusive right to market the property and represent the seller, but if the seller themselves successfully finds a buyer without the agent's assistance, they do not have to pay a commission. In this scenario, since the couple sold their home without paying a commission, it indicates they likely sold it on their own, which aligns perfectly with the characteristics of an exclusive agency listing. This arrangement provides a level of flexibility for the seller while still engaging an agent in the marketing process.