In this situation , John most certainly has an exclusive right to sell the listing with the agency.
The term listed property refers to a certain type of depreciable property that may be used primarily for business purposes. To be considered listed property, an item must be used for more than 50% for a company's business. That means assets may be used for personal purposes for the remainder of the time. Listed property is subject to a special set of tax rules for the taxpayer.
A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. A real estate purchase agreement spells out the agreed-upon terms under which a buyer and seller agree to engage in a real estate transaction.
Therefore, we can say that above the situation John most certainly has an exclusive right to sell the listing with the agency.
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