Which of the following best describes an open listing agreement?
Correct Answer
B) Multiple brokers may participate; only the procuring cause earns a commission.
An open listing is a non-exclusive listing agreement in which a seller may engage multiple brokers simultaneously. Only the broker who is the procuring cause of the sale — meaning the one who produces the ready, willing, and able buyer — earns the commission. The seller also retains the right to sell the property themselves without owing any commission.
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Related Topics & Key Terms
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Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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