open listing


Also found in: Legal, Financial.
Related to open listing: exclusive agency listing, net 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.
References in periodicals archive ?
Ismailoff alleged that he entered into an open listing agreement with Singer to show the property, set up a meeting with Singer and a Sitt representative and got them to agree that he'd receive a 6 percent commission on the sale regardless of when it was completed.
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.
When the final development plans did not align with the company's retail focus, the seller chose to dispose of the asset as an open listing.
A full spectrum retail real estate brokerage company, Levin Realty Services specializes in the marketing, leasing and sale of retail property, open listing brokerage, as well as tenant representation.