Houtan HormozianExpert on Real Estate, Finance and PropTech

A seller signs an open listing with five different brokers

15 Apr 2025 · 1 min

Watch on YouTube

0:52

This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "A seller signs an open listing with five different brokers" (created 2025-04-15). It features a single speaker (labeled SPEAKER A) presenting a real-estate practice/exam question and explaining the concept of an open listing — that multiple brokers may market the property but only the first broker to procure a ready, willing, and able buyer earns the commission. The excerpt also contains a viewer call-to-action to like, tag a friend, or contact via the website.

Chapters

Question of the day. Question number one: Seller signs an open listing on his home with five different brokers. In this case, the owner must pay the first broker to take the listing no matter who sells it. Each broker has an opportunity to earn the entire commission. The owner must pay a full commission to all five brokers when it sells. The brokers will split the commission five ways regardless of who. The answer is letter B. An open listing is one given to any number of brokers who can work simultaneously to sell the owner's property. The first broker to secure a buyer who is ready, willing, and able to purchase the property earns the commission. Found this helpful? Please like our post and tag a friend. Contact us through our website or message us right here.