Fourteen clauses, one named-buyer exclusion and three listing types compared: the MT361 Unit 3 listing agreement review asks which form fits sellers who already know a likely buyer. Searches like "mt 361 unit 3 assignment example", "mt361 unit 3 sample" and "mt361 unit 3 example" land here.
What a finished MT361 Unit 3 listing agreement review looks like
Four pages built on a clause table and a comparison. The table runs the draft's fourteen clauses in order: parties, property, a term from April 1 to September 30, 2026, list price, the listing broker's [2.5] percent fee, the sellers' written decision on whether to offer buyer-broker compensation, MLS entry, lockbox and showing authority, seller disclosures, the federal lead-based paint disclosure for a 1962 house, earnest money handling, the named-buyer exclusion, the protection period, and termination. Each row carries a one-line reading and a flag where the clause needs attention. The comparison then sets exclusive right to sell against exclusive agency and an open listing on four questions: who earns a fee if the cousin buys, marketing effort, MLS access, and the sellers' risk.
How a MT361 Unit 3 example is structured
The review tracks the agreement clause by clause in the draft's sequence, letting the sellers keep the form open alongside. Each clause gets a plain reading, then a flag of one of three kinds: a term to confirm, a term to negotiate, or a disclosure the law requires. The compensation clauses receive the longest treatment, because the 2024 practice changes moved the question of buyer-broker pay off the MLS and into a written seller decision, which the draft pairs with a statement that fees are negotiable and not set by law. Clause 7, the named exclusion, is read against clause 12, since a protection period could otherwise swallow the exclusion. The three-way comparison follows the clause table and answers the cousin question for each form. The conclusion keeps the exclusive right to sell with the exclusion limited to thirty days, and says what would change that choice.
Fourteen clauses in order
Each row gives the clause number, a plain reading and a flag: confirm, negotiate or required disclosure. The table keeps the draft's own sequence so the sellers can follow it page by page at the kitchen table.
Buyer-broker pay, decided in writing
Offers of compensation no longer go on the MLS, so the draft asks the sellers to decide in writing whether they will offer any, in what amount, and to acknowledge that fees are negotiable. The review flags this clause for a conversation, not a signature.
Lead paint in a 1962 house
Housing built before 1978 triggers the federal disclosure: known lead-based paint and records, the EPA pamphlet, and a buyer's opportunity to inspect, ten days unless the parties agree otherwise. The review confirms the draft attaches the form rather than merely mentioning it.
The cousin and the protection period
A ninety-day protection period could make the sellers owe a fee if the cousin buys after the listing ends. The review limits the exclusion to thirty days and asks that clause 12 state plainly that the protection period does not reach him.
Three forms, one question
Under exclusive right to sell, any sale earns the fee unless excluded; under exclusive agency, the sellers' own buyer owes nothing; an open listing pays only the procuring broker. The review weighs each against the effort a broker will invest.
Where marks go in MT361 Unit 3
Reading clauses for their effect on the client, not paraphrasing them, is where MT361 listing reviews earn their credit. A review that spots interaction between clauses, such as a protection period overriding an exclusion, generally scores above one treating each clause alone. Accuracy about required disclosures matters: the federal lead-based paint rule for pre-1978 housing is specific, and papers that confuse it with a state form give up points. Compensation clauses written as if offers still appeared on the MLS show the 2024 changes were missed. Comparisons of the three listing types need a concrete test, who earns a fee in a named situation, rather than definitions. Many rubrics also want state-specific terms bracketed or labeled, and a conclusion that recommends a form rather than listing pros and cons.
Get a MT361 Unit 3 example written to your instructions
Have a listing agreement from your Unit 3 prompt, or only a scenario describing one? Either works. Add the rubric and any state the case names. A free first custom review, back within 24-48h, reads each clause for its effect on the seller and tests the listing types against the case your section gives.
MT361 Unit 3 questions, answered
What is the difference between exclusive right to sell and exclusive agency?
Under an exclusive right-to-sell listing, the broker earns the fee no matter who finds the buyer, including the owner. Under exclusive agency, the broker earns it unless the owner finds the buyer without the broker's help. An open listing lets several brokers compete and pays only the one who procures the buyer. Most residential listings use the first form.
What is a protection or carryover period?
A clause entitling the broker to the fee if the property sells, within a set time after the listing ends, to a buyer the broker introduced during the listing. It stops owners from waiting out a listing to avoid the fee. Many forms require the broker to deliver a list of such buyers, and some end the protection if the owner relists with another broker.
Do I need a real listing agreement form to write the review?
Not always. Many sections supply a sample form or a clause list, and some state associations and licensing agencies publish sample forms. If you work from a composite or a published form, say which, and note that terms vary by state. The review is graded on the reading of each clause, not on where the form came from.