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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."
Open Listing
The "open listing" is mostly used by
people trying to sell their home by owner 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. |
