First, what is an open listing?
This is an agreement by which a seller agrees to pay a set commission percentage to any broker who brings him or her an acceptable offer on the property offered for sale.
It does not bind the seller to any one broker or agent, and generally does not have a termination date. Unless the offer to sell is withdrawn, it remains effective until the property is sold.
Open listings are often used by contractors or builders, when a number
of houses in a new development will be for sale. They’re also used
by people who are afraid to list with one broker or agent for fear of
alienating others.
This might be someone with numerous friends in real estate. In a small
town it might be a business owner or manager who fears losing business
over choosing just one agent.
Open listings are often used by contractors or builders, when a number
of houses in a new development will be for sale. They’re also used
by people who are afraid to list with one broker or agent for fear of
alienating others.
This might be someone with numerous friends in real estate. In a small
town it might be a business owner or manager who fears losing business
over choosing just one agent.
* The only way the agent will earn a commission is to sell the listing himself/herself. No buyer agents are helping because they’re
all working for themselves.
* The seller is not obligated to tell any of the participating
brokers when the property is under contract. No one wants to take
their time to set up showings on property that has already been sold.
If you want your Pittsburg listing to sell quickly and for top price…
Choose one agent who is familiar with your immediate area, has a
reputation for both communicating and marketing well, and will be
committed to getting your property sold.