Agency (alternative)
In Maryland, an open listing allows the seller to:
AList only with one broker exclusively
BList with multiple brokers and pay only the broker who produces a buyer✓ Correct
CCancel the listing without penalty only once
DRequire all showings to be conducted by the listing broker
Explanation
An open listing is a non-exclusive arrangement allowing the seller to list with multiple brokers. The seller pays only the broker who procures the successful buyer, and may also sell directly without owing any commission.
Related Maryland Agency (alternative) Questions
- In Maryland, a listing agent who earns additional compensation from a buyer's lender for referring the buyer's business without disclosure is:
- Under Maryland law, a subagent is an agent who:
- Under Maryland law, an agent who represents the buyer in a transaction involving the agent's own listed property is automatically in:
- In Maryland, a listing agent who recommends a specific home inspector and does not disclose a business relationship between them has potentially:
- In Maryland, a buyer's agent who knows their buyer is willing to pay full price should:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- In Maryland, a seller who fires their listing agent before the listing expires must still pay a commission if:
- A Maryland buyer's agent whose license expires mid-transaction may:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →