What best describes an Office Exclusive listing?

Study for the Arizona Salesperson Test with flashcards and multiple-choice questions. Each question is paired with helpful hints and detailed explanations. Get ready to ace your exam!

An Office Exclusive listing is a type of real estate listing arrangement where the property is marketed exclusively within the listing office. This means that the listing broker and their agents have the right to market the property, but no other agents outside of that specific office are authorized to present the property to potential buyers. This strategy allows the seller to maintain a greater degree of privacy, as the listing is not widely advertised or shared with the general real estate market. It can be beneficial for properties that the owner prefers to keep relatively low-profile or for specific marketing strategies the seller may want to pursue.

In contrast, the other choices describe different listing scenarios that do not align with the nature of an Office Exclusive listing. For instance, a setup where the property is listed with multiple agencies contradicts the exclusivity aspect inherent in the definition since it involves broader exposure across different offices. Public listings that are not advertised still imply a level of accessibility beyond just one single office, which is contrary to the exclusivity factor. Lastly, a situation where only the seller can show the property does not capture the involvement of the listing office and its agents, which is central to the Office Exclusive model.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy