Agency
Which statement about open listings is correct?
AOnly one broker may hold an open listing at a time
BThe seller may list with multiple brokers and only the broker who produces the buyer earns a commission✓ Correct
CAll brokers receive a commission regardless of who produces the buyer
DOpen listings must be registered with the MLS
Explanation
An open listing is non-exclusive. The seller may list with multiple brokers simultaneously. Only the broker who actually produces the ready, willing, and able buyer earns the commission. The seller may also sell themselves with no commission owed.
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