Which characteristic is typical of an exclusive right of sale listing contract?

In an exclusive right of sale listing contract, the characteristic that typically defines this arrangement is that it allows the property to be listed on the Multiple Listing Service (MLS). This is significant because listing on the MLS provides broad exposure to the property, which can enhance its visibility to potential buyers, including agents who may be representing their clients.

This type of contract grants the listing broker the exclusive right to market the property and receive a commission if the property is sold, irrespective of who finds the buyer. This exclusive arrangement incentivizes the broker to actively advertise and promote the property through the MLS, attracting more potential buyers and increasing the chances of a successful sale.

The other aspects of the options reflect limitations or requirements not typical of an exclusive right of sale. For instance, the option indicating that it cannot be placed on the MLS contradicts the primary purpose of the exclusive right of sale, which is to ensure maximum exposure. The notion of it being non-exclusive is also misleading, as the defining feature of this contract is its exclusivity. Lastly, while signatures are generally required to validate contracts, the reference to not requiring a signature does not align with standard real estate contract practices. Thus, the ability to place the property on the MLS is a hallmark of an exclusive right