Which type of listing means no exclusive rights for the broker?

The correct answer is that an open listing does not grant exclusive rights to a broker. In an open listing arrangement, the property owner can engage multiple brokers to find a buyer, and only the broker who successfully completes the sale receives a commission. This means that if the property owner sells the property independently, they are not obligated to pay any broker's commission.

This type of listing offers flexibility for the seller because they can work with several agents simultaneously or even sell the property themselves without incurring a commission fee. It highlights a less formal agreement where the broker does not have exclusive rights to the listing, contrasting with other types of listings that provide a more structured agency relationship.

For context, listings like the exclusive right to sell listing and exclusive agency listing do grant certain levels of exclusivity. In an exclusive right to sell listing, for instance, the broker is guaranteed a commission regardless of who sells the property, while in an exclusive agency listing, the owner retains the right to sell the property independently without paying the broker a commission, but still grants the broker exclusive rights to earn a commission if they procure a buyer. A net listing involves the seller agreeing to receive a specified amount from the sale, with the broker keeping any amount over that as commission, which