Contracts
A unilateral contract in South Dakota real estate is best illustrated by:
AA purchase agreement where buyer and seller both make promises
BAn open listing where the broker promises to perform but the seller only pays if the broker succeeds✓ Correct
CA dual agency agreement signed by both parties
DA lease with a renewal option exercisable by the tenant
Explanation
In a unilateral contract, only one party makes a binding promise. An open listing is unilateral: the seller promises to pay commission if the broker produces a buyer, but the broker makes no promise to perform.
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