A listing which allows an owner to list concurrently with more than one broker is called what?

The correct answer is that a listing which allows an owner to list concurrently with more than one broker is called an open listing. An open listing provides flexibility to the property owner, allowing them to engage multiple brokers or agents to sell their property. This type of listing means that any broker can bring a buyer, and the owner is obligated to pay only the broker who finds a buyer for the property.

Open listings are advantageous for sellers who want to maximize exposure for their property and may want to tap into multiple markets or approaches. However, it's important to note that because there is no exclusive agreement, competition among brokers may drive more aggressive marketing tactics.

In contrast, other listing types, such as net listings or exclusive agency listings, limit the owner's ability to engage multiple brokers or dictate terms that do not allow for concurrent representation. A net listing often involves compensation based on the sale price above a set figure and can complicate matters if misunderstood. Exclusive agency listings typically allow only one broker to represent the seller while enabling the seller to find their buyer without owing a commission to the broker for that sale. Thus, an open listing stands out for its permissiveness and flexibility.