Question

What type of listing agreement provides the sellers with the opportunity to enter into listing contracts with multiple agents and still reserve the right to sell the property themselves, owing no commission?

A)Open Listing
B)Non-exclusive Listing
C)Multiple Listing
D)Non-binding Listing

Answer 1

Open Listing is the type of listing agreement that provides sellers with the opportunity to work with multiple agents and still reserve the right to sell the property themselves without owing any commission.

Step-by-step explanation:

The correct answer is A) Open Listing. An open listing agreement allows sellers to work with multiple agents and still retain the right to sell the property themselves without owing any commission. In an open listing, the seller is not bound exclusively to any one agent. This gives them more flexibility and control over the sale of their property.