Question 46

Broker B will earn the full commission if the buyer performs.

In this transaction, Broker B will earn the full commission because they produced a buyer who is ready, willing, and able to close on the seller's home. Since this is an open listing, multiple brokers can represent the seller, and the broker who brings a buyer gets the commission.

A) Broker B must call Broker A to present the offer.

This statement is incorrect because, in an open listing scenario, there is no requirement for Broker B to notify Broker A about the offer. Each broker operates independently, and the seller is not obligated to communicate offers to other brokers.

B) Broker B will earn the full commission if the buyer performs.

This statement is correct as it reflects the nature of open listings, where the broker who brings in a buyer is entitled to the full commission. Since Broker B successfully found a buyer ready to complete the transaction, they will receive the entire commission.

C) Broker A and Broker B will split the commission upon closing.

This statement is incorrect because, in an open listing, only the broker who successfully brings a buyer earns the commission. As Broker B obtained a buyer, there is no commission to be split with Broker A.

D) The seller is required to pay a commission to Broker A upon closing.

This statement is incorrect as well because in an open listing, the seller is not obligated to pay Broker A unless Broker A successfully brings a buyer. Since Broker B achieved this, Broker A does not earn a commission.

Conclusion

Broker B is entitled to the full commission due to their successful acquisition of a buyer willing to close on the home. The nature of open listings allows multiple brokers to engage, but only the broker who secures a buyer benefits from the commission, which is why all other options fail in this scenario.