Agency
What is an 'open listing' in Delaware real estate?
AA listing available to the public without restriction
BA non-exclusive listing where the owner retains the right to employ multiple brokers — whichever broker procures the buyer earns the commission, and the owner may also sell without owing any commission✓ Correct
CA listing where anyone can make an offer without going through an agent
DA listing that is automatically posted on all Delaware MLS systems
Explanation
An open listing is a non-exclusive listing agreement where the owner can engage multiple brokers simultaneously, and only the broker who procures the buyer earns the commission. If the owner sells themselves, no commission is owed. Because brokers have no guaranteed compensation, they are reluctant to invest heavily in marketing open listings.
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