What type of listing allows an owner to list their property with multiple brokers?

An open listing is a type of real estate listing where the property owner retains the right to list their property with multiple brokers simultaneously. This means that any number of brokers can show the property to potential buyers, and the owner may even sell the property themselves without owing a commission to any broker if they find a buyer. This arrangement typically incentivizes brokers to work extra hard to sell the property quickly since only the broker who brings in the buyer will receive the commission.

This type of listing offers flexibility for the owner and can encourage competitive efforts among brokers, as they are aware that they are competing with each other to secure a sale. In contrast, an exclusive right to sell and an exclusive agency listing limit the number of agents who can represent the property, providing a singular focus for marketing and selling efforts. The term "multi-listing" refers to services that allow brokers to share listings with each other but does not define a specific type of listing agreement.