Kelsey, a seller, signs two open listing agreements with two brokers, Ryan and Nicole.Ryan is the first to find Marissa a potential buyer, who agrees to buy the property if a suitable closing date can be worked out.Without Ryan's knowledge, Nicole later strikes a deal with Marissa to close earlier and persuades her to sign the contract to buy Kelsey's home.In this situation the commission would go to:
A) Ryan.
B) Nicole a
C) Ryan and Nicole would split it 50/50.
D) Neither
Correct Answer:
Verified
Q1: Language such as "a commission is to
Q3: Rick signed a listing agreement with Paul,
Q4: Under the U.S Supreme Court's ruling in
Q5: Which of the following agents can be
Q6: Under the traditional rule, a broker earns
Q7: The Federal Trade Commission has ruled that
Q8: Rob and Kim entered into an oral
Q9: A seller of real estate may cancel
Q10: The Civil Rights Act of 1866 is
Q11: Traditionally, the broker whose client bought property
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents