Final answer:
A REALTOR® can solicit another broker's exclusive listing when the listing agreement allows for it or when the exclusive listing has expired, but it's essential to check state and local real estate laws and regulations.
Step-by-step explanation:
In general, a REALTOR® can solicit another broker's exclusive listing when the listing agreement allows for it or when the exclusive listing has expired. However, it's essential to check state and local real estate laws and regulations as they can vary.
For example, in some states, a REALTOR® may be allowed to solicit an exclusive listing if they have a signed agreement with the seller allowing them to do so. In other cases, if the exclusive listing has expired, a REALTOR® can approach the seller to offer their services.
It's important for REALTORS® to act ethically and professionally when dealing with another broker's listing to maintain trust and adhere to legal and industry standards.