In which scenario does an open listing apply?

An open listing applies when the owner retains the right to sell the property without the assistance of a broker. This listing type is characterized by its non-exclusive nature, allowing the owner to engage multiple brokers or sell the property themselves without any obligation to pay a commission unless a broker successfully facilitates the sale.

This flexibility is a significant feature of open listings, as it empowers property owners by allowing them to pursue direct sales while still having the option to work with brokers. If an owner sells the property independently, they do not incur any commission costs or have to share profits with a broker, which can be financially advantageous. In contrast, other listing types, such as exclusive right to sell, require the owner to pay a commission to the broker regardless of who sells the property, which does not align with the essence of an open listing.