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A landlord promises to compensate a broker for procuring a tenant, provided the broker is the procuring cause. This is an example of a(n)

a) Open listing agreement
b) Net listing agreement
c) Exclusive listing agreement
d) Gross listing agreement

User Haslo
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Final answer:

a) Open listing agreement

An arrangement where a landlord compensates a broker only if they are the direct cause of finding a tenant is known as an open listing agreement.

Step-by-step explanation:

When a landlord promises to compensate a broker for procuring a tenant, provided the broker is the procuring cause, this arrangement is known as a(n) open listing agreement. This type of agreement means that the broker will be paid a commission only if they are directly responsible for finding a tenant who enters into a lease agreement with the landlord. In contrast to exclusive listing agreements, open listing agreements allow a landlord to hire multiple brokers, and only the broker who brings in the tenant will be compensated.

User Comte
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