Open Listing

Definition

  • A property that multiple brokers can market and compete to sell for a commission.

Synonyms
unrestricted listing, listed by many brokers, multiple agent listing

Related Terms and Acronyms

  • Days on Market (DOM) Acronym, Very Important,
    • The period between listing and sale, or listing and a property being taken off the market.
  • Exclusive Listing Definition,
    • A legal agreement giving one real-estate agent the right to sell a property for a specified period, but owners retain the right to sell their property themselves without paying the agent commission.
  • Listing Inventories Definition,
    • The dwellings for sale in a given market.
  • Multiple Listing Service (MLS) Acronym, Canada, Very Important,
    • A database that lists all properties in an area that are for sale or lease by Realtors.
  • Open House (OH) Acronym,
    • A selling tool in which a real-estate agent advertises a property for sale and invites people to visit without making an appointment.
  • Real Estate Broker Definition,
    • An individual who is licensed to represent a buyer or a seller of real estate and collects commissions for the work. Most brokers have agents working for them and they collect a portion of those commissions in exchange for providing office space, marketing, and other overhead.
  • Seller Broker Definition,
    • One who earns a commission from the seller of a property in exchange for finding a buyer and assisting in negotiation.
  • Subagent Definition,
    • A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.
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