Which individual can sell a property under an Open listing?

Study for the North Carolina Post Licensing 301 Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your test!

An open listing allows multiple real estate agents to market and sell a property, meaning that any actively licensed agent can sell the property. Since the seller retains the right to sell the property themselves as well, they are essentially creating an environment where anyone who has an active license to practice real estate can represent the listing. This setup incentivizes agents to bring buyers to the table, knowing that they may earn a commission if they are the ones to close the sale.

The nature of an open listing is such that it encourages competition among agents, but it does not restrict the sale to just one agent or broker. Unlike exclusive listings, where the contract grants a single agent or broker the rights to sell the property, open listings provide a wider pool of opportunities to various agents, enhancing the chances of finding a buyer. Hence, any actively licensed agent can represent the property under these circumstances, solidifying the validity of the correct answer.

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