Contracts
In Tennessee, which of the following best describes an 'open listing' agreement?
AThe seller can only work with one broker at a time
BThe seller retains the right to sell without paying a commission and may list with multiple brokers simultaneously✓ Correct
CThe listing is available to all MLS members
DThe property is listed without a specific asking price
Explanation
An open listing is a non-exclusive listing where the seller may list with multiple brokers and pays a commission only to the broker who procures the buyer. If the seller finds the buyer themselves, no commission is owed.
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