If a homeowner lists a home with a broker and sells it themselves, not owing a commission, what type of listing is this?

The correct answer is exclusive agency. In this type of listing agreement, the homeowner retains the right to sell the property themselves without incurring a commission payment to the broker. If the broker successfully finds a buyer, then the broker would be entitled to the commission. However, if the homeowner sells the property independently, they do not owe a commission to the broker. This allows the homeowner to have some flexibility, opting to search for potential buyers on their own, while still having the benefit of the broker's services.

In contrast, an exclusive right to sell listing would require the homeowner to pay a commission to the broker regardless of who sells the home, including the owner themselves. An open listing allows multiple brokers to represent the seller, and the commission is only owed to the broker who finds a buyer. A net listing is less common and involves an agreement where the seller specifies an amount they wish to receive, and the broker keeps any amount above that as commission. Each of these alternatives has distinct legal implications and commission structures, making exclusive agency unique in its provision for homeowners wishing to sell independently.