Practice & ContractsQuestion 102 of 120
An open listing given to several brokers at once means that:
a.Only one broker may show the property
b.Only the broker who procures the buyer earns a commission
c.The seller cannot sell it personally
d.All listed brokers split any commission
Explanation
In an open listing, a seller may engage multiple brokers and only the one who actually procures the buyer earns a commission. The seller may also sell the property personally without owing any commission. This nonexclusive arrangement offers brokers the least protection.
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