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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
who accepts an open listing 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.
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