What type of listing allows a seller to hire multiple brokers without the obligation to pay?

An open listing is a type of real estate listing that allows a seller to hire multiple brokers to market their property. In this arrangement, the seller is not obligated to pay any commission unless a broker they hired successfully brings in a buyer. This means that if the seller finds a buyer on their own or if a broker without a valid exclusive agreement brings a buyer, the seller is not required to compensate the brokers involved.

This flexibility can be appealing to sellers who want to maximize exposure by allowing several brokers to attempt to sell their home without committing to pay multiple commissions upfront. It also incentivizes brokers to work quickly and competitively since only the broker who closes the sale will earn a commission.

In contrast, other types of listings like the exclusive right to sell or exclusive agency involve contractual obligations that are designed to ensure brokers are compensated once they successfully sell the property, regardless of who actually brought the buyer.