Humber/Ontario Real Estate Course 2 Exam Practice

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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.

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