An exclusive listing agreement is an example of a/an:
A. express contract
B. illusory contract
C. implied contract
D. unilateral contract
Answer: A. express contract
A listing agreement is an express contract (an express contract is one that is stated in words - written or spoken - rather than implied by actions, and a listing agreement is stated in words: its a written agreement). Unlike an open listing, an exclusive listing agreement is a bilateral contract, not unilateral.
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