Which of the following is NOT one of the three types of real estate agency contracts?

• A. Fixed fee listing.
• B. Exclusive listing.
• C. Open listing.
• D. Multiple listing.

Answer: (A)

In real estate practice, listing contracts describe how a seller will be represented and how the broker earns a commission. The three common forms are exclusive listing, open listing, and listing through the multiple listing service (MLS). An exclusive listing means one broker has the sole right to market the property during the term; an open listing is non-exclusive, so multiple brokers can market the property but only the one who brings the buyer earns the commission; a listing through MLS makes the property available to many brokers working together through the MLS system.

A fixed-fee listing, by contrast, is defined by charging a flat amount rather than describing the type of representation or exclusivity. It’s a pricing model, not a standard category of agency contract. That's why it isn’t considered one of the three traditional types of agency contracts.