What is an 'Open Listing'

A property listing that uses multiple real estate agents in order to sell it and get it off the market. With an open listing, the agent that sells the property collects the commission.

An open listing can also refer to an owner who sells his/her home or property on his/her own without paying a commission to a real estate agent.

BREAKING DOWN 'Open Listing'

A property that is sold through an open listing either has to be sold quickly or has been on the market for a while and has been difficult to sell. An open listing is commonly referred to as a listing agreement with one or more real estate brokers on a non-exclusive basis. Agents who participate in selling this property are all entitled to a commission.

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RELATED FAQS
  1. Do real estate agents get paid hourly or by salary?

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    Find out what real estate agents are likely to lie about, the reasons for the lies and how to protect yourself from unscrupulous ... Read Answer >>
  3. How do real estate agents get listings?

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  4. How do real estate agents market themselves?

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