Humber/Ontario Real Estate Course 2 Exam Practice

What type of listing agreement allows a seller to engage multiple agents without exclusivity?

1. Co-Exclusive Listing

2. Exclusive Listing

3. Multi-Brokerage Listing

4. Non-Exclusive Listing

5. Open Listing

6. Restricted Listing

The correct answer is: Open Listing

An open listing allows a seller to engage multiple agents without exclusivity. This means that the seller can list their property with different agents or brokers and whoever brings a qualified buyer first will earn the commission. Co-exclusive and exclusive listings both involve exclusivity, while multi-brokerage and restricted listings may limit the number of agents representing the seller. Non-exclusive listings may also involve restricted access to certain buyers or brokers. Therefore, an open listing is the only type of agreement that allows a seller to engage multiple agents without exclusivity.