Which type of listing allows multiple brokers to represent the seller?

The type of listing that permits multiple brokers to represent the seller is known as an open listing. An open listing is a non-exclusive agreement where the seller retains the right to sell the property themselves while allowing multiple brokers to also market and sell it. This means that any broker who brings a buyer and successfully closes the sale can earn a commission.

Open listings are often favored by sellers who want to maximize exposure without committing to a single broker, allowing sellers greater flexibility in choosing how they want to market their property. It fosters a competitive environment among brokers since they know that only the broker who brings in the buyer receives the commission.

In contrast, an exclusive-right-to-sell listing locks the seller into a contract with a single broker, giving that broker the sole power to represent the property. An exclusive agency listing also allows for representation by only one broker, but unlike the exclusive-right-to-sell, the seller may still sell the property independently without incurring a commission obligation. A net listing is not a standard practice as it is based on the proceeds the seller wants to receive, with commissions taken out of the final sale price, which can often lead to conflicts of interest.

Thus, the nature of an open listing allows for multiple brokers to be involved, making