Question

Jed Nelson is selling his home on his own but is having problems finding a buyer. Jed is tired of the hassle and would like to offer a commission to any broker that brings him a buyer, but wants to reserve the right to find his own buyer. License holder Chico Rodriguez has a buyer who is eager to move into Jed's community, and the home looks like a perfect fit. What is the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home

Answer 1

Answer: open listing

Step-by-step explanation:

Open listing refers to the contractual agreement where a listing broker acts as the agent of a seller and a commission is agreed to be paid to the listing broker when the property is sold through the listing broker's efforts.

Therefore, the name of the agreement Jed can use to allow Chico to show the home to his buyer that would allow Chico to earn a commission if the buyer purchases Jed's home is the open listing.