Question

Which of the following is a listing contract given to one or more brokers in which the broker procuring a sale is entitled to the commission, but imposes no commission obligation on the owner when the owner sells the property...?

Exclusive Right to Sell Agreement
Exclusive Agency Agreement
Open Listing
Net Listing

Answer 1

An open listing contract is a listing agreement given to one or more brokers in which the broker procuring a sale is entitled to the commission, but imposes no commission obligation on the owner when the owner sells the property.

Step-by-step explanation:

The listing contract given to one or more brokers in which the broker procuring a sale is entitled to the commission, but imposes no commission obligation on the owner when the owner sells the property is called an Open Listing.

In an open listing agreement, the owner can hire multiple brokers, and only the broker who successfully sells the property will receive the commission. The owner also has the freedom to sell the property on their own without owing any commission.