Open Listing Agreement: A Quick Guide for FSBOs
AuthorReal Estate Experts. Date:
Using an open listing agreement is a great way to list your property for sale while still giving yourself the option to sell the property yourself. This type of agreement is most commonly used in residential real estate transactions, but can also be used in commercial real estate. If you’re thinking about using an open listing agreement, there are a few things you should keep in mind. In this article, we’re going to break down what an open listing agreement is, how it works, and what to watch out for. What is an Open Listing Agreement? An open listing agreement is a type of listing agreement between a property owner and a listing agent. Unlike a traditional listing agreement, an open listing agreement does not give the agent exclusive rights to sell the property. With an open listing agreement, the property owner can list the property with multiple agents. The … Continued
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