open listing

Open Listing

In real estate, a situation in which multiple agents list the same house or property. The agent able to sell the property collects the commission. An open listing often occurs when the homeowner needs to sell the property quickly or when the property is otherwise difficult to sell.

open listing

An offer by a property owner to pay a commission to any real estate broker who brings a buyer to the closing table.Rather than pay a 7 percent commission to a listing broker, with the listing broker then splitting that commission with the broker who provides the buyer, an open listing will agree to pay the entire 7 percent to any broker who brings the buyer.

单词	open listing
释义	open listing open listing n. A contract with a broker for the sale of property that does not prohibit the owner from selling the property without the broker's assistance or from using the assistance of other brokers in effecting the sale. Open Listing Related to Open Listing: exclusive agency listing, net listing 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 or she produces the sale. open listing Open Listing In real estate, a situation in which multiple agents list the same house or property. The agent able to sell the property collects the commission. An open listing often occurs when the homeowner needs to sell the property quickly or when the property is otherwise difficult to sell. open listing An offer by a property owner to pay a commission to any real estate broker who brings a buyer to the closing table.Rather than pay a 7 percent commission to a listing broker, with the listing broker then splitting that commission with the broker who provides the buyer, an open listing will agree to pay the entire 7 percent to any broker who brings the buyer.
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