Which of the following best describes who is entitled to a commission in an Open Listing?

Which of the following best describes who is entitled to a commission in an Open Listing?

• A. The broker who provides the ready, willing, and able purchaser.
• B. The seller pays all brokers regardless of sale.
• C. The buyer receives a credit for the broker's efforts.
• D. The broker is guaranteed a commission even if no sale occurs.

Answer: (A)

Open listings let the seller market the property through multiple brokers and keep the right to sell on their own. The key point is that a broker earns a commission only if they bring a ready, willing, and able purchaser who closes the deal. If the seller finds the buyer themselves, no commission is due to any broker. So the broker who provides that ready, willing, and able purchaser is the one entitled to the commission.

Open listings let the seller market the property through multiple brokers and keep the right to sell on their own. The key point is that a broker earns a commission only if they bring a ready, willing, and able purchaser who closes the deal. If the seller finds the buyer themselves, no commission is due to any broker. So the broker who provides that ready, willing, and able purchaser is the one entitled to the commission.