open listing

Related to open listing: exclusive agency listing, net listing

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.

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.

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References in periodicals archive ?

In analyzing the transactions which occurred in our marketplace, the sales prices of the properties which were exclusively listed were, on average, 12 percent higher than the prices obtained for properties which were listed on an open listing basis.

Exclusive listings en vogue, now more than ever

The 17-year-old former Bablake School student is currently 548th on the current open listings and 13th in Britain.

TENNIS: Hannah looks to move up

Since 95 percent of the listings on industrial property were open listings, no one really knew if a property could be delivered or if a commission could be collected.

AIR Marks 40th Anniversary, Brings Order to Industrial Real Estate Brokerage

The advantage of a centralized listing service, especially one that downloads directly into the subscribing broker's database, is that routine open listings, which take up many listing-agent-hours, are updated instantly and effortlessly, leaving the agent time to develop special relationships with specific landlords, or provide value added services for customers.

Manhattan Listing Xpress Merges with MetroList; Surpassing Multiple Listings Function, New MLX Becomes High-Tech Clearinghouse for Owners, Brokers and Consumers

The video monitors display apartments that are Coreoran exclusives, while a store computer carries more than 6,000 open listings.