Which listing type would allow the seller to list with multiple brokers and only pay the broker who brings a buyer?

Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

Which listing type would allow the seller to list with multiple brokers and only pay the broker who brings a buyer?

Explanation:
The idea being tested is how different listing agreements handle multiple brokers and who gets paid. An open listing lets the seller work with more than one broker at the same time. The seller only pays the broker who actually brings a buyer who completes the deal, and the seller can still sell the property themselves without owing a commission. This setup directly matches the scenario of listing with several brokers and paying only the one who brings a buyer. In contrast, an exclusive right to sell guarantees a commission to the listed broker no matter who finds the buyer, so it doesn’t allow multiple brokers with a single commission to the one who delivers the sale. A net listing centers on achieving a specific net price for the seller and isn’t about how commissions are shared. An exclusive agency designates one broker to market the property, but the seller can still sell themselves without paying a broker, which still isn’t about multiple brokers under one arrangement.

The idea being tested is how different listing agreements handle multiple brokers and who gets paid. An open listing lets the seller work with more than one broker at the same time. The seller only pays the broker who actually brings a buyer who completes the deal, and the seller can still sell the property themselves without owing a commission. This setup directly matches the scenario of listing with several brokers and paying only the one who brings a buyer.

In contrast, an exclusive right to sell guarantees a commission to the listed broker no matter who finds the buyer, so it doesn’t allow multiple brokers with a single commission to the one who delivers the sale. A net listing centers on achieving a specific net price for the seller and isn’t about how commissions are shared. An exclusive agency designates one broker to market the property, but the seller can still sell themselves without paying a broker, which still isn’t about multiple brokers under one arrangement.

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