Contracts
A Florida listing agreement provides for an open listing. Which of the following accurately describes an open listing?
AThe broker has the exclusive right to sell the property and earns commission regardless of who finds the buyer
BThe seller can list with multiple brokers and only pays commission to the broker who produces the buyer✓ Correct
CThe listing is open to any agent in the MLS to sell
DThe seller pays commission to all listing brokers whether or not they find a buyer
Explanation
An open listing is non-exclusive — the seller can list with multiple brokers simultaneously. Only the broker who produces the buyer (the procuring cause) earns the commission.
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