Contracts
An open listing allows the seller to:
AWork with only one broker who has the exclusive right to sell
BWork with multiple brokers and pay a commission only to the one who produces the buyer, with the seller also retaining the right to sell themselves✓ Correct
CList the property on the MLS without a commission obligation
DCancel the listing at any time without penalty
Explanation
An open listing is a non-exclusive arrangement where the seller may list with multiple brokers simultaneously and pays a commission only to the broker who produces the sale. The seller retains the right to sell without a commission obligation if they find their own buyer.
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