Which listing type allows a homeowner to pay a commission to any broker who brings a buyer?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

The correct choice, which allows a homeowner to pay a commission to any broker who brings a buyer, is the open listing. An open listing is essentially a non-exclusive agreement between the property owner and multiple real estate agents or brokers. This means that the homeowner can enter into listings with several brokers at the same time, and only pays a commission to the broker who successfully finds a buyer for the property.

This flexibility makes open listings appealing for homeowners who might want to maximize their exposure to potential buyers without committing exclusively to one broker. Since any broker can bring a buyer and earn a commission under this type of listing, it encourages more agents to market the property actively.

Understanding the differences of other listing types can clarify why they are not correct in this context. An exclusive agency listing allows only one broker to act on behalf of the seller, but if the homeowner finds the buyer themselves, they do not owe a commission to the broker. The exclusive right to sell guarantees that the listing broker will earn a commission regardless of who brings in the buyer, even if it is the homeowner. A net listing ties the broker’s commission to the sale price, which might not provide the same flexibility as an open listing.

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