Open Listing

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.

RELATED TERMS
  1. Exclusive Listing

    A real estate sale transaction in which a specified real estate ...
  2. Listing Agreement

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  3. Real Estate Agent

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  4. For Sale By Owner - FSBO

    A method of selling property without the use of an agent or broker. ...
  5. Pocket Listing

    Any listing that is retained by a listing broker or salesperson ...
  6. Comparative Market Analysis

    An examination of the prices at which similar properties in the ...
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