A listing refers to a written engagement contract between a principal and an agent, authorizing the agent to perform services for the principal involving the latter's property. It is also the record of property for sale by a broker who has been authorized by the owner to sell.
A nonexclusive listing is a type of real estate agreement in which a property owner allows multiple brokers to market the property. This arrangement contrasts with an exclusive listing where one broker is given the sole right to market and sell the property.
An open listing is a non-exclusive property listing given to multiple real estate brokers. The seller agrees to pay the commission only to the broker who introduces a ready, willing, and able buyer that meets the terms of the listing.
