Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10018.17 — General Provisions
Cal. Bus. & Prof. Code § 10018.17
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Open listing agreement” means a listing agreement which grants no exclusive rights or priorities to the seller’s agent, and the agreed commission is payable to the seller’s agent only if that agent obtains and presents to the owner an enforceable offer from a ready, able, and willing buyer on…
Citator
Cal. Bus. & Prof. Code § 10018.17 — General Provisions is in force in the current edition of the Code, and nothing recorded condemns it.
“Open listing agreement” means a listing agreement which grants no exclusive rights or priorities to the seller’s agent, and the agreed commission is payable to the seller’s agent only if that agent obtains and presents to the owner an enforceable offer from a ready, able, and willing buyer on the terms authorized by the listing agreement, which is accepted by the owner, before the property is otherwise sold either through another licensee or by the owner directly and before the listing agreement expires by its terms or is revoked by the seller’s agent or the owner.