open listing

noun | list·ing

1. : an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usually for a specific period — called also listing agreement

   — exclusive agency listing
   : a listing under which only one agent may sell the property but without the right to a commission if the owner sells it directly Note: An agent is usually still entitled to a commission if the owner sells directly to a buyer found by the agent, even if the sale occurs after the agreement expires.

   — exclusive right to sell listing
   : a listing under which only one agent may sell the property and is entitled to a commission if the owner sells it directly to any party

   — multiple listing
   : an agreement or arrangement under which real property is marketed through a service or association composed of several agents with a commission from the sale of a property shared between the selling agent and the agent that initiates the listing of it

   — net listing
   : a listing under which the agent that sells a property retains as compensation the amount of the selling price that exceeds a specified sum

   — open listing
   : a listing that does not preclude the use of multiple agents or a direct sale by the owner with no commission paid to an agent — called also nonexclusive listing

2. a : a record of a property or properties available through a real estate agent

   b : a property listed in such a record