What type of listing contract allows a seller to sell the property themselves without paying commission to the broker?

Study for the Real Estate Contract Test. Improve your knowledge with interactive flashcards and multiple-choice questions, each equipped with hints and explanations. Prepare well for your exam!

The open listing is a type of listing agreement that allows the seller to retain the right to sell their property independently without incurring a commission fee to the broker if they find a buyer themselves. In an open listing, the seller can work with multiple brokers at the same time, and only the broker who brings in a buyer will earn a commission upon the sale. This flexibility is a significant feature of open listings, as it gives sellers the freedom to market their property on their own terms and potentially save on commissions.

In contrast, exclusive right-to-sell listings grant full authority to a single broker to represent the property, ensuring they receive a commission regardless of who sells the property. Exclusive agency listings, while allowing the seller to sell without owing commission if they find a buyer themselves, still give primary control to one broker, unlike open listings. Net listings, which are more concerned with the seller receiving a specific net amount from the sale, often involve a more complex arrangement that doesn't inherently allow the seller to sell the property freely without involvement from a broker.

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