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

question 2

Multiple Choice

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
• C)Ryan and Nicole would split it 50/50.
• D)Neither

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Definitions:

Output

The amount of goods or services produced by a business, industry, or economy.

Production and Pricing

The process of determining the cost and price for goods or services created by a business.

External Benefits

Advantages or positive effects that extend to parties not directly involved in a transaction or activity.

Competitive Market

A market scenario where there are many buyers and sellers, and no single entity has the power to significantly influence the prices of goods and services.