open listing

Definition of "open listing"
  1. An agreement where the owner can employ multiple real estate agents to sell a property, and is not obligated to pay a commission if the property is sold directly by the owner
How to use "open listing" in a sentence
  1. The owner chose an open listing approach to sell her house quickly.
  2. With an open listing, the owner has the freedom to sell his property on his own and avoid any agent's commission fees.
  3. The real estate agent was aware that he was just one of many agents working on an open listing agreement.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z