Contracts
A Vermont seller signs a listing agreement with Broker A. Before any offer is received, the seller signs a second listing agreement with Broker B for the same property. Regarding the first agreement:
AIt is automatically void when the second agreement is signed
BThe seller may owe a commission to Broker A even though Broker B found the buyer✓ Correct
CThe seller may list with multiple brokers simultaneously without issue
DThe first agreement is voided by operation of law when the second is signed
Explanation
If the first listing agreement is an exclusive-right-to-sell, the seller owes Broker A a commission if the property sells during the listing period, regardless of who produces the buyer. Entering a second listing agreement may create liability to both brokers.
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