With an Open Listing Agreement

question 124

Multiple Choice

With an open listing agreement

• A)the first agent to list your home is entitled to half the commission on the sale.
• B)the first agent to list your home is entitled to the full commission on the sale.
• C)any agent can broker your home.The commission goes to the agent who locates a buyer.
• D)The broker who is willing to sell your home for the lowest commission receives an exclusive right to sell.

---

Definitions:

Ill-structured Problem

A problem that lacks a clear path to a solution, often requiring creative thinking and decision-making to resolve.

Sluggish Sales

A situation where the rate of product sales is consistently slow or declining, indicating a potential issue with demand or market conditions.

Lawn Chairs

Portable folding chairs designed for outdoor use, typically made from materials like metal, plastic, or wood.

Cognitive Bias

A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.