What type of listing allows multiple brokers to try to sell a property without any guarantee of a commission to the brokers?

An open listing is a type of real estate listing that permits multiple brokers to attempt to sell a property concurrently, without any commitment to pay a commission to any specific broker. This arrangement empowers the seller, who can engage with several brokers, and if a broker sells the property, they will earn a commission. However, if the seller sells the property independently without any broker's assistance, they are not obliged to pay a commission to anyone.

This flexible structure makes open listings appealing to some sellers who are looking to maximize exposure while minimizing costs. In contrast, exclusive right to sell or exclusive agency listings provide more security to the brokers, as they ensure that the brokers earn a commission if the property is sold during the listing period, regardless of who actually procures the buyer. A net listing, although less common and less ethical in many cases, specifies that the seller receives a predetermined amount from the sale, with the broker entitled to keep any remaining proceeds as their commission.