1. Under an open listing, the seller owes a commission to:
Answer & explanation
Answer: C. Open listings are non-exclusive; only the procuring broker is paid, and the owner owes nothing for a self-sale.
agency
open listing
A nonexclusive listing agreement in which the seller may hire multiple brokers and pays a commission only to the broker who is the procuring cause of the sale. If the seller sells the property personally, no commission is owed. Open listings are common for commercial or vacant land and generally provide the least protection for brokers.
- Exam tip
- Compare listing types by who gets paid: exclusive right to sell pays the broker regardless of who sells; exclusive agency excludes the owner's own sale; open listing pays only the procuring broker.
- Example
- A landowner gives open listings to three brokers; the broker whose buyer purchases the land earns the commission and the other two earn nothing.
Related terms & state variants
Sources
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Last verified: 2026-10-23