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:

Question

Quizplus · Accepted Answer

Ryan was the first broker to find a potential buyer who agreed to buy the property, therefore he is entitled to the commission. Nicole's actions of striking a deal without Ryan's knowledge and persuading the buyer to sign the contract do not negate the fact that Ryan was the one who initially found the buyer.

Kelsey, a Seller, Signs Two Open Listing Agreements with Two