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A seller hired a broker under the terms of an open registration contract. While this agreement was still in effect, the seller – without informing the first broker – hired another broker from a separate company under an exclusive right to sell the same property. If the first broker produces a buyer for the property whose offer the seller accepts, the seller must pay a full commission It is not a contract between the seller and a buyer and therefore cannot be imposed on the seller by a buyer, even if the buyer could make an offer that is the « mirror image » of the terms of the offer. However, in such a case, the seller may owe the broker a full commission because he has achieved the result that the offer required: a capable buyer who is willing and willing to buy according to the terms of the offer. The broker with the open list, which provides the buyer, is entitled to his full commission. The broker with the exclusive right to sell listings will be granted a full commission if the listed property is sold by someone during the term of the listing. Both events have occurred. Two full commissions are due. Which of the following points is a similarity between an open list and an exclusive agency list? A saleswoman indicated her place of residence to a broker. The broker made an offer at full price and under the terms of a buyer`s listing agreement who is willing, willing and able to make a cash payment for the property, but the seller rejected the buyer`s offer. In this situation, there are many different marketing (active and passive marketing) that agents use to sell your home at the highest possible price.

Advertisement Brokerage S. A broker sold a home for $485,000 and received $26,675 in commission under the terms of the registration agreement. What was the broker`s commission rate? Most states require that a real estate listing agreement include an exclusive buyer representation agreement that requires the buyer to indemnify the agent if the buyer purchases a property of the type described in the contract, even if the buyer finds the property independent. Registration is the broker`s employment contract through the A) Among each, the broker earns a commission, regardless of who sells the property, as long as it is sold during the registration period. B) Of each, the seller avoids paying a commission to the broker if the seller sells the property to someone he did not buy. C) Any person grants a commission to any broker who buys a buyer for the seller`s property. D) Any person grants the exclusive right to sell to the broker who produces a buyer for the seller`s property. A broker showed a buyer that he represented one of his own listings A buyer signed an agreement with a broker to compensate the broker, even if the buyer buys the property from a relative. This is called D) an exclusive contract for the representation of the agency buyer. All of the following reasons are valid bases for terminating a contract representing the buyer, UNLESSER. Failure to include a specific termination date in a real estate listing may be a reason to suspend or revoke a license in most states….