Which type of listing agreement allows a seller to work with multiple agents?

The open listing is the type of listing agreement that permits a seller to work with multiple agents simultaneously. In this arrangement, a seller can engage several real estate agents in efforts to sell their property, but it is also important to note that the seller only pays a commission to the agent who successfully facilitates the sale. This means that if more than one agent is working on the listing, the seller has the flexibility to choose which agent to compensate based on whose efforts lead to a sale.

In contrast, the exclusive right to sell agreement grants a single agent the exclusive right to earn a commission regardless of who sells the property, while the exclusive agency agreement allows the seller to sell the property independently without owing a commission to the agent if they procure a buyer themselves. A net listing, on the other hand, establishes an arrangement where an agent keeps any excess proceeds from the sale beyond a predetermined price set by the seller but does not necessarily allow for multiple agents to be involved.

Understanding these distinctions highlights why the open listing uniquely permits collaboration with multiple agents.