There are several different types of listing contracts, but very few of them are used. The “Exclusive Right to Sell” is the most common, but there is the “open listing,” the “exclusive agency listing,” and the “one-time show.”
The “open listing” is mostly used by people trying to sell their homes by owners who are also willing to work with real estate agents. Basically, it gives a real estate agent the right to bring buyers around to view your home. If their client buys your home, the agent earns a commission. There is nothing exclusive about an open listing and a home seller can give out such listings to every agent who comes around.
For that reason, no agent is going to market your home or put it in the Multiple Listing Service. If your home fits the criteria for one of their clients, and it is convenient, they may be willing to show it to their client. That is all an “open listing” is good for.
Do you have additional questions?
Please complete the following form for a prompt response:
By submitting this form with the telephone number you are consenting for Brooke DeVries and all authorized representatives to contact you even if your name is on a Federal or State “Do not call List”.
Thank you for submitting your information. I will be in contact with you by phone or email.
Return to: Corvallis MT Real Estate