Asked by Jasmina Juri? on Oct 01, 2024

A broker operating under a(n) ________ contract is entitled to a commission only if he was the first to find a ready,willing,and able buyer.

A) open listing
B) exclusive right to sell
C) exclusive agency listing
D) exclusive right

Open Listing

A non-exclusive contract allowing a property owner to sell their property themselves or to engage multiple agents without any obligation to pay commission except to the one who brings a valid offer.

Commission

A form of payment to an agent or employee based on the value of sales made or services provided.

Willing

Ready, inclined, or favorably disposed toward taking a particular action or supporting a particular stance.

  • Comprehend the various forms of tenancies along with the obligations and privileges of tenants within each category.