Contracts
In Indiana, an open listing allows the seller to:
AWork only with one broker who has the exclusive right to sell
BList the property with multiple brokers, paying a commission only to the one who produces the buyer, or no commission if the seller finds the buyer themselves✓ Correct
COpen the listing to the public via an auction
DGrant the broker the right to purchase the property if unsold after 90 days
Explanation
An open listing is a non-exclusive listing that allows the seller to work with multiple brokers simultaneously. The seller owes a commission only to the broker who produces a ready, willing, and able buyer — or no commission if the seller finds the buyer.
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