open listing

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Open Listing

In real estate, a situation in which multiple agents list the same house or property. The agent able to sell the property collects the commission. An open listing often occurs when the homeowner needs to sell the property quickly or when the property is otherwise difficult to sell.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

open listing

An offer by a property owner to pay a commission to any real estate broker who brings a buyer to the closing table.Rather than pay a 7 percent commission to a listing broker, with the listing broker then splitting that commission with the broker who provides the buyer, an open listing will agree to pay the entire 7 percent to any broker who brings the buyer.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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But the percentages drastically change when Open Listings looked at the age ranges of the 500 homeowners surveyed.
According to Open Listings, millennials that bought homes in the last decade did so during a time of economic hardship with stagnant wage increases, increasing student loan debt and rising housing prices, so they likely settled on buying a home and now see the different features and amenities new houses have.
Opendoor said by integrating Open Listings' online buying experience with Opendoor, the company puts customers in control of the entire process so they can buy, sell or trade-in their home seamlessly be it for retirement, up-sizing for a growing family or moving for a dream job.
Open Listings launched in 2015 out of Y Combinator with the mission of making buying a home simple and more affordable.
Lewis, however, said he doesn't believe that many Manhattan landlords are making the move toward completely open listings.
A common tale of woe I hear from brokers is that they acted on an open listing by introducing a property to a potential buyer and the buyer eventually buys the property but the broker is frozen out of a commission.
Many multiple listing services, however, refused to deal in open listings and required that the listing agent have an exclusive agreement with the owner.
The video monitors display apartments that are Coreoran exclusives, while a store computer carries more than 6,000 open listings. Supporting documents are available for customers to take home with them.