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Open Listing

   Also found in: Financial 0.04 sec.

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.



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The commercial real estate market's open listing system creates information equality.
In that period of time, exclusive agreements were rare and homeowners would contact all of the real estate brokers in an area and give them an open listing Brokers found themselves frustrated when, after significant effort and the production of an interested purchaser, the property had already been sold by another broker or by the owner.
First, we both believe in leasing property on an open listing basis with the management company in control.
 
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