Which transaction type generally does not provide for a commission to the broker?

Which transaction type generally does not provide for a commission to the broker?

• A. exclusive right to sell listing
• B. open listing
• C. exclusive agency listing
• D. net listing

Answer: (B)

The open listing is a type of listing agreement that is typically non-exclusive. This means that the property owner can enter into multiple listing agreements with different brokers and only pays a commission to the broker who successfully sells the property. If the owner sells the property themselves, they are not obligated to pay any commission to a broker. This distinguishes open listings from exclusive agreements where the broker is guaranteed a commission regardless of who sells the property. Consequently, in an open listing scenario, the possibility of a broker receiving a commission is dependent on them being the one who brings forth a buyer, making it less reliable compared to other transaction types.

The open listing is a type of listing agreement that is typically non-exclusive. This means that the property owner can enter into multiple listing agreements with different brokers and only pays a commission to the broker who successfully sells the property. If the owner sells the property themselves, they are not obligated to pay any commission to a broker. This distinguishes open listings from exclusive agreements where the broker is guaranteed a commission regardless of who sells the property. Consequently, in an open listing scenario, the possibility of a broker receiving a commission is dependent on them being the one who brings forth a buyer, making it less reliable compared to other transaction types.