Final answer:
The scenario described is closest to exclusive representation for both the buyer and seller, where one sales associate acts as an agent for the buyer and the other for the seller, but it is not a dual agency, open listing, exclusive agency, or net listing per the options provided.
Step-by-step explanation:
The situation described is not a dual agency, because each sales associate is exclusively representing one party; one is representing the buyer and the other the seller. This scenario does not fit an open listing either, as that would entail the seller employing any number of brokers as non-exclusive agents. An exclusive agency is a contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to work only with the broker and no other. However, the description provided sounds more like exclusive representation but not necessarily an exclusive agency since it didn't mention the broker being the exclusive agent. Finally, a net listing pertains to a situation where the broker sells the property and can keep the excess over the selling price established by the owner, which is not described in this scenario.
Therefore, none of the options provided exactly describe the situation specified, but the scenario comes closest to what might be an exclusive representation for both the buyer and seller, but not an exclusive agency as it involves two agents and not one exclusive agent.