Which listing type allows multiple brokers and pays a commission only to the broker who procures a ready, willing, and able buyer?

Which listing type allows multiple brokers and pays a commission only to the broker who procures a ready, willing, and able buyer?

• A. Exclusive right to sell
• B. Net listing
• C. Open listing
• D. Exclusive agency

Answer: (C)

Open listing lets the seller hire multiple brokers to market the property, with the commission going only to the broker who actually procures a ready, willing, and able buyer on terms acceptable to the seller. If the seller finds a buyer themselves, no commission is due to any broker. This contrasts with exclusive right to sell, where the listing broker earns a commission regardless of who finds the buyer, and with exclusive agency, where a broker earns a commission if someone else brings a buyer but the seller can sell themselves without owing a commission. Net listing is about the seller setting a net price and the broker’s commission coming from the excess, which is a separate concept.

Open listing lets the seller hire multiple brokers to market the property, with the commission going only to the broker who actually procures a ready, willing, and able buyer on terms acceptable to the seller. If the seller finds a buyer themselves, no commission is due to any broker. This contrasts with exclusive right to sell, where the listing broker earns a commission regardless of who finds the buyer, and with exclusive agency, where a broker earns a commission if someone else brings a buyer but the seller can sell themselves without owing a commission. Net listing is about the seller setting a net price and the broker’s commission coming from the excess, which is a separate concept.