Contracts
In Ohio, which of the following is an example of 'unilateral contract' in real estate?
AA bilateral purchase agreement signed by buyer and seller
BAn open listing where only the broker's performance creates a duty to pay commission✓ Correct
CA mutual exchange of promises between buyer and seller
DA lease agreement with reciprocal obligations
Explanation
An open listing is a unilateral contract — the seller promises to pay a commission only if a specific broker (or any broker) is the procuring cause of a sale. Only one party (seller) makes an enforceable promise.
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