Contracts
A Mississippi homeowner enters into a listing agreement with an open listing clause allowing multiple brokers to market the property. Under an open listing:
AAll brokers who submit offers are entitled to a commission
BOnly the broker who procures the ready, willing, and able buyer is entitled to the commission; the seller owes no commission if they sell the property themselves✓ Correct
CAll participating brokers split the commission equally
DThe seller owes a commission regardless of who sells the property
Explanation
Under an open listing, the commission is earned only by the broker who is the procuring cause of the sale — who actually produces the buyer. If the seller sells the property themselves without a broker's involvement, no commission is owed.
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