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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 brokers
B
Must pay first broker
C
Brokers split three ways
D
Each broker can earn entire commission
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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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