Which listing agreement allows the seller to work with multiple agents without obligation to any of them?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

The open listing agreement uniquely allows the seller to work with multiple agents simultaneously without committing to any single broker. In this type of agreement, the seller retains the right to sell the property themselves and does not owe a commission unless an agent brings a buyer who completes the purchase. This flexibility is particularly advantageous for sellers who wish to maintain control over the sale process and explore various avenues without exclusivity.

In contrast, the exclusive right to sell grants one broker the sole right to market the property, ensuring they earn a commission regardless of who sells it. The exclusive agency listing also limits the seller to only one designated agent but offers them the ability to sell independently without owing a commission to the agent. A net listing, while less common and often discouraged due to potential ethical concerns, is where the seller sets a minimum price, and any amount above that becomes the broker's commission, but it still involves a contractual obligation to the broker.

The open listing’s structure stands out as the only option that does not bind the seller to any specific agent, making it the correct choice for this question.

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