Under the terms of an open listing, more than one broker may represent a seller. In order to earn and collect a commission, which of the following is a requirement for a broker with an open listing?
a. he must put the listing on the MLS (Multiple Listing Service)
b. the listing must have a termination date
c. he must be the procuring cause for the sale
d. he must notify all other brokers with an open listing on the property of the sale within 2 days after acceptance of an offer
Answer: c. he must be the procuring cause for the sale
Business
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