What does an Open Listing Agreement allow sellers to do?

An Open Listing Agreement allows sellers to contract with multiple agents simultaneously. This type of agreement gives sellers the flexibility to have several real estate agents promote and sell their property at the same time. If a seller finds a buyer through one of the agents or through their own efforts, they can sell the property without owing a commission to the other agents involved. This arrangement encourages competition among the agents as they all strive to find a buyer, while also granting the seller the opportunity to explore selling the property independently.

In this context, it separates the Open Listing from exclusive arrangements, where the seller would work with only one agent, and commission scenarios that imply payment to all participating agents regardless of who secures the sale.