Arizona Real Estate Contract Practice Test 2025 – Complete 6-Hour Exam Prep

Exclusive agency listings are most commonly used in residential sales. This type of listing allows the seller to retain the right to sell the property themselves without paying a commission to the agent, while still granting the agent the opportunity to represent the property and earn a commission if they secure a buyer. This arrangement is particularly appealing in residential sales where sellers may be more inclined to market their own home and may be familiar with the process.

In residential transactions, the personal connection and emotional aspects often play a significant role, which can lead homeowners to consider alternative selling methods that may save costs, such as opting for an exclusive agency listing. While other types of transactions exist within the choices provided, such as commercial, cooperative, and condominium sales, those typically rely more on exclusive right-to-sell listings, where the agent retains the entire commission regardless of who finds the buyer.