Marlon intends to sell a piece of real estate he owns and contracts Nita,a real estate broker,to make the sale.In the contract,Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed.The contract also stipulates that Marlon must not hire another broker to sell that piece of land until the expiration of the contract period.Nita finds a suitable buyer,makes the sale in time,and is paid by Marlon for her services.What kind of contract existed between Marlon and Nita?

Question

Quizplus · Accepted Answer

The contract between Marlon and Nita is an exclusive agency contract, as it authorizes Nita to be the exclusive agent for the sale of the property and prohibits Marlon from contracting with any other agent until the contract period has expired.

Marlon Intends to Sell a Piece of Real Estate He