What is the difference between an open listing and an exclusive listing quizlet?
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What is the difference between an open listing and an exclusive agency listing quizlet?A listing agreement in which the seller retains the right to employ any number of brokers as agent is called an open listing. In an exclusive-agency listing, one broker is authorized to act as the exclusive agent of the principal, who retains the right to sell the property without obligation to the broker.
What is an open listing quizlet?In an open listing agreement, the seller agrees to pay the listing agent a commission only if the agent is the procuring cause of the sale. Real estate firms disfavor open listing agreements and many multiple listing associations prohibit them.
What describes an open listing?An open listing is a non-exclusive listing agreement that grants a homeowner the right to work with several different brokers at the same time. Additionally, they are allowed to sell their home on their own, which is also known as a “for sale by owner” (or FSBO) listing.
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