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

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Prepare for the Michigan Salesperson Exam with detailed questions. Study with flashcards and multiple choice questions including hints and explanations. Ace your test!

Multiple Choice

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

In an open listing, the seller may work with multiple brokers, and the fee is earned only by the broker who actually brings a buyer who closes the deal. Since one broker was the one who sold the property, that broker is the one entitled to the commission. The other brokers didn’t procure the sale, so they don’t receive a commission under this type of listing.

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

Prepare for the Michigan Salesperson Exam with detailed questions. Study with flashcards and multiple choice questions including hints and explanations. Ace your test!

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

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