Question 7

An open listing allows more than one brokerage firm to work simultaneously to sell the owner's property and claim the full commission.

An open listing is a type of property listing agreement that permits multiple brokerage firms to market the property simultaneously. In this arrangement, any brokerage that successfully sells the property is entitled to receive the full commission.

A) an exclusive listing

An exclusive listing grants a single brokerage the right to sell the property, which means no other firms can claim the commission. This arrangement limits competition among brokerages and does not allow multiple firms to work on the sale simultaneously.

B) a written listing

A written listing is a general term that refers to any formal agreement between a property owner and a brokerage. It does not specify the type of listing agreement, such as whether it is exclusive or open, and therefore does not inherently allow multiple brokerages to claim commission.

C) an open listing

An open listing is a non-exclusive agreement that allows multiple brokerage firms to market the property. Under this type of listing, any broker who successfully brings a buyer is entitled to the full commission, thereby promoting competition and allowing for simultaneous efforts by various firms.

D) an exclusive right-to-sell listing

An exclusive right-to-sell listing provides a single brokerage the exclusive right to sell the property and collect the full commission, regardless of who actually sells it. This type of listing does not permit multiple brokerages to work simultaneously for commission claims.

Conclusion

The open listing is the only option that allows multiple brokerage firms to work on selling the property and claim the full commission, making it the correct answer. All other options restrict the ability of brokerages to compete for the sale of the property, limiting the potential for collaboration and commission claims among multiple firms.