- 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 their home or property on their own without paying a commission to a real estate agent.
A property that is sold through an open listing either has to be sold quickly or has been on the market for awhile 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.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
open listing — see listing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. open listing … Law dictionary
open listing — A type of real estate listing contract whereby any agent who has a right to participate in the open listing is entitled to a commission if he produces the sale. + open listing An open listing obligates a seller to pay a commission when a… … Black's law dictionary
open listing — /ˈoʊpən lɪstɪŋ/ (say ohpuhn listing) noun an arrangement for the selling of a house, flat, etc., where it is listed with a number of real estate agents at the same time. Compare exclusive listing … Australian English dictionary
open listing — noun : a system whereby two or more real estate brokers are given the right to sell property for a commission to be paid to the broker making the sale but permitting the owner to sell it himself if possible with no obligation to pay the broker… … Useful english dictionary
listing — list·ing n 1: an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usu. for a specific period – called also listing agreement; exclusive agency listing: a listing under which only one… … Law dictionary
listing — Real estate. An agreement between an owner of real property and a real estate agent, whereby the agent agrees to attempt to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. The various … Black's law dictionary
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