What type of listing agreement allows a property seller to hire multiple brokers?

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An open listing allows a property seller to hire multiple brokers to market their property simultaneously. This type of agreement provides the seller with the flexibility to work with various agents or brokers without being tied to a single exclusive arrangement. If any of the hired brokers successfully sells the property, they will earn the commission, but if the seller sells the property on their own, they don't owe any commission to the brokers at all.

This arrangement can create a competitive environment among the brokers, as they all strive to attract potential buyers. The open listing is particularly beneficial for sellers who may want to save on commission costs or who believe they can sell the property themselves.

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