Open Listing


Also found in: Dictionary, Financial.
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.

References in periodicals archive ?
Many multiple listing services, however, refused to deal in open listings and required that the listing agent have an exclusive agreement with the owner.
First, we both believe in leasing property on an open listing basis with the management company in control.
Most importantly, the seller gets more bang for the buck, as the commission payable is generally the same in either an open listing or an exclusive.
In a case where a property is listed on an open listing basis (meaning that many agents are notified that the property is available but no one is directly responsible for the marketing), there is a tremendous disincentive for the open listing broker to notify anyone that the property is available other than customers the agents have good relationships with.
We have 395 open listings in the Lane County area," said Kim Thompson, assistant manager of WorkSource Lane Employment Department.