Which type of real estate listing allows the seller to work with multiple brokers?

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 correct answer is open listing. An open listing is a type of real estate agreement that gives the property owner the flexibility to work with multiple brokers simultaneously. The seller retains the right to sell the property on their own without paying a commission if they find a buyer themselves. This arrangement encourages competitive selling, as brokers know they are in competition with each other and the property owner.

In this scenario, if one of the brokers successfully brings in a buyer, that broker receives the commission. However, since multiple brokers can market the property, the seller has the advantage of increased exposure and a wider range of marketing strategies. This approach is particularly appealing to sellers who have confidence in their ability to attract buyers through their own efforts and want to avoid exclusive agreements that limit their options.

In contrast, other types of listings, such as exclusive agency listings and exclusive right to sell listings, do not allow the seller to engage multiple brokers in the same manner, as they establish more limited agreements regarding commissions and representation. Therefore, open listing is uniquely positioned to provide sellers with flexibility and broader marketing reach.

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