If three brokers are involved in an open listing and one broker sells the property, who receives the commission?

If three brokers are involved in an open listing and one broker sells the property, who receives the commission?

• A. All brokers involved
• B. Only the broker who sold the property
• C. The seller
• D. The listing agent

Answer: (B)

In an open listing scenario, the seller retains the right to sell their property on their own or to employ multiple brokers. This type of agreement means that only the broker who successfully facilitates the sale of the property will receive the commission. Since the nature of an open listing is based on a competitive arrangement, if one broker sells the property, they are the only one entitled to the commission. The other brokers do not receive compensation unless they also contribute to a sale, but in this case, the successful broker is the one who earns the commission due to their direct involvement in selling the property.

In an open listing scenario, the seller retains the right to sell their property on their own or to employ multiple brokers. This type of agreement means that only the broker who successfully facilitates the sale of the property will receive the commission. Since the nature of an open listing is based on a competitive arrangement, if one broker sells the property, they are the only one entitled to the commission. The other brokers do not receive compensation unless they also contribute to a sale, but in this case, the successful broker is the one who earns the commission due to their direct involvement in selling the property.