If a broker has an open listing but goes into the hospital, what is the status of the commission regarding the buyer?

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

In the scenario where a broker has an open listing and subsequently goes into the hospital, the status of the commission regarding the buyer is that the buyer has no case for receiving commission. An open listing allows multiple brokers to sell a property, and only the broker who successfully brings a buyer to the seller earns the commission. If the broker is temporarily incapacitated due to hospitalization, it does not alter the basic nature of the open listing agreement, which typically does not provide any guarantees or rights to a buyer regarding commission unless a sale is completed through that broker's efforts.

Since an open listing enables any broker to procure a sale without exclusivity, the buyer does not have a claim to commission simply based on the broker's inability to perform due to their health condition. The commission is typically contingent upon the sale being successfully completed through the broker who initially holds the listing, making it clear that the buyer's rights in this scenario do not extend to commission entitlement.

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