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General Principles Of AgencyMEDIUM

In which listing does the first agent get no commission when a second agent brings the buyer?

Correct Answer

C) Open listing

In an open listing, multiple brokers can compete and only the one who procures the buyer earns the commission. Other brokers receive nothing.

Answer Options
A
Exclusive right to sell
B
Closed listing
C
Open listing
D
Exclusive agency
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Related Topics & Key Terms

Related Topics:

procuring-causeexclusive-right-to-sell-listingbroker-compensation

Key Terms:

open listingprocuring causecommissioncompeting brokerslisting types
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