If three brokers are involved in an open listing and one broker sells the property, what happens regarding the commission?

In the context of an open listing, which is a non-exclusive agreement where multiple brokers can try to sell the property, the commission structure is designed to reward only the broker who successfully facilitates the sale. Therefore, when one broker sells the property, that broker is the one entitled to the full commission.

Open listings do not require that the commission be split among the brokers because the contract specifies that only the broker who secures a buyer is eligible to receive compensation. This incentivizes each broker to actively find a buyer since they know they will receive the commission only if they complete the sale.

In contrast, if there were a different type of listing agreement, such as an exclusive right-to-sell listing, the commission dynamics would be different, potentially involving sharing or payment structures dictated by the nature of that agreement. Overall, the key aspect of an open listing is that it rewards only one broker—the one who closes the sale—making the answer clear in this scenario.