medium · National Real Estate Exam contracts
If a broker produces a buyer who meets all terms, but the seller has already sold the property through another broker under an open listing, what is the status of the first broker's commission?
- The two brokers must share the commission equally under standard board rules
- The seller must pay double commissions to both brokers to be fair and avoid a lawsuit
- The first broker is entitled to nothing, as the listing was terminated by the sale
- The first broker is still entitled to a full commission since they invested time in the buyer
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