AgencyMEDIUM
Mrs. Jackson signs an open listing with three brokers. Regarding commission:
Correct Answer
D) Each broker can earn entire commission
With an open listing, only the broker who procures the buyer earns the commission. Multiple brokers can compete, but only the successful one gets paid.
Answer Options
A
Must pay all three brokersB
Must pay first brokerC
Brokers split three waysD
Each broker can earn entire commissionVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
listing-agreements-typesexclusive-right-to-sell-listingagency-relationshipsbroker-compensation
Key Terms:
open listingprocuring causenon-exclusive listingcommissionlisting agreement
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