Contracts
A Wyoming seller signs a listing agreement with Broker A on January 1 with a 90-day term. On March 15, without canceling the listing, the seller also signs a listing agreement with Broker B. The seller has:
ALegally replaced the first broker
BCreated a potential liability to pay commission to both brokers if the property sells✓ Correct
CA legal right to have two brokers simultaneously
DViolated Wyoming criminal law
Explanation
Signing a second listing agreement while the first is still active can obligate the seller to pay commission to both brokers if the property sells, depending on each agreement's terms. The seller may face liability on both contracts.
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