Which statement about open listings is generally true?

Which statement about open listings is generally true?

• A. They can involve multiple brokers, but only the broker who sells is entitled to a commission.
• B. They guarantee exclusive representation to one broker.
• C. They require the seller to pay no commission if the property isn't sold.
• D. They give the buyer's broker a share of commission regardless

Answer: (A)

Open listings are non-exclusive agreements that let the seller work with multiple brokers at once. The key point is that the broker who actually brings a buyer and closes the deal earns the commission; other brokers involved don’t automatically receive a fee. This is why the statement describing several brokers being possible but only the selling broker entitled to a commission is the best choice. Open listings don’t give exclusive representation to one broker, and they don’t automatically guarantee that the buyer’s broker will receive a share in every situation—the payment to the buyer’s broker depends on the cooperation terms of the deal.

Open listings are non-exclusive agreements that let the seller work with multiple brokers at once. The key point is that the broker who actually brings a buyer and closes the deal earns the commission; other brokers involved don’t automatically receive a fee. This is why the statement describing several brokers being possible but only the selling broker entitled to a commission is the best choice. Open listings don’t give exclusive representation to one broker, and they don’t automatically guarantee that the buyer’s broker will receive a share in every situation—the payment to the buyer’s broker depends on the cooperation terms of the deal.