Elbert is a home owner and wants to sell his property. Seve…
Elbert is a home owner and wants to sell his property. Several brokers come forward who offer to sell Elbert his home. Specifically, Francis, James, and Kevin are the potential brokers. Elbert has a hard time deciding which broker to choose from, so Elbert decides to list his property with all three brokers. On January 1, 2015, Elbert lists his property with Kevin. On February 3, 2015, Elbert lists his property with Francis. Finally, on February 28, 2015, Elbert lists his property with James. On March 3, 2015, Francis gets an offer from a potential buyer on the home. On March 15, 2015, Kevin receives an offer on the home. On March 29, 2015, James receives an offer on the home. All three transmit their offers to Elbert, and Elbert decides to go with James’s deal. What type of broker arrangement has Elbert created? (Chapter 12)