In an open listing, the first broker to find a buyer who agrees to all the terms and whose offer is accepted by the seller is the of the sale

The first broker to find a buyer who agrees to all the terms and whose offer is accepted by the seller is the Offer is accepted by the seller is the point of the sale.

An open listing agreement is the one in which the seller retains the right to employ any number of brokers as agent.

Here, the broker act as an intermediary between the buyer and seller of the property. He makes efforts to connect buyer with the seller.

When an agreement has been reached between the sellers and buyers, the broker facilitate the deal and also settles dispute that might arise between them.

Therefore, the first broker to find a buyer who agrees to all the terms and whose offer is accepted by the seller is the point of the sale

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point of the sale

Explanation:

The broker is an intermediary person who makes efforts to meet buyer with the seller. The sellers and buyers agree to the terms of the sale and then broker proceeds the deal. In case of any problem during the deal the broker is held responsible for solving the matter. There can be dispute between buyer and seller for which terms are mentioned and agreed by both of them before the deal is finalized.

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

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