Open Listing

Definition: An open listing is a nonexclusive arrangement that allows an owner to engage multiple brokers to seek a buyer.

Example

Two brokers work under separate open listings; only the broker who earns compensation under the applicable agreement is paid.

Keep the distinction clear

An owner can generally sell independently without a broker fee. Procuring cause and the contract terms matter; merely showing the property first does not automatically settle a compensation dispute.

Related terms

Exclusive Agency Listing · Exclusive Right of Sale Listing · Procuring Cause

Keep studying

Open Listing vs. Exclusive Agency vs. Exclusive Right of Sale

References: California DRE: real estate glossary

Pronunciation (US): OH-puhn LIS-ting (capitals show stress)

Pronunciation reference: Merriam-Webster