Even though the broker had a valid listing, the broker wasn't entitled to a commission because the listing was a: b. net listing.
What is an open listing?
An open listing can be defined as a property sale which avails multiple real estate brokers an option to market and sell, so as enable them earn commission on the sale of any property such as a home.
In this scenario, we can infer and logically deduce that the broker wasn't entitled to a commission because the listing was a net listing, even though he or she had a valid listing.
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Complete Question:
A broker sold a property for the list price. Despite the fact the broker had a valid listing, the broker was NOT entitled to a commission because the listing was a
a. open listing.
b. net listing.
c. exclusive agency listing.
d. exclusive right-to-sell listing.
