What type of listing agreement allows the owner to sell the property independently without owing a commission?

The correct answer is that an exclusive agency listing allows the owner to sell the property independently without incurring a commission obligation to the broker. In this type of agreement, the broker has the exclusive right to represent the property in the market, however, if the owner finds a buyer on their own, they do not owe a commission to the broker. This allows for flexibility for the seller while also providing a level of commitment to the broker.

The exclusive right to sell agreement typically obligates the owner to pay the broker a commission regardless of who sells the property, making it a less favorable option for sellers who wish to maintain the option of selling the property themselves without fees.

An open listing differs by being a non-exclusive agreement that allows multiple brokers to represent the property and for the owner to sell independently, but usually offers less dedicated service from brokers since they know they may not be compensated if the owner sells the property.

A net listing involves the seller setting a minimum acceptable price for the property, with the broker earning a commission on any amount above that price. This structure can lead to conflicts of interest and is not allowed in many states, including Arkansas. Therefore, it does not provide the owner with the freedom to sell independently without owing a commission as an