Contracts
An open listing agreement allows:
AOnly one broker to list the property at a time
BThe seller to list with multiple brokers simultaneously and pay a commission only to the broker who procures the buyer✓ Correct
CThe broker to sell the property at any price
DThe seller to cancel the agreement at any time with 30 days' notice
Explanation
An open listing is a non-exclusive agreement where the seller can engage multiple brokers. Only the broker who actually produces the buyer earns a commission. If the seller finds the buyer themselves, no commission is owed.
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