A seller signs a listing agreement allowing multiple brokers to represent them. What type of agreement is this?

The listing agreement described, where a seller allows multiple brokers to represent them, is known as an open listing. This type of agreement is characterized by its non-exclusive nature, meaning that the seller can enter into contracts with multiple brokers simultaneously.

In an open listing, any broker who brings a buyer to the seller can earn the commission if the property sells. This creates a competitive environment among brokers to find a buyer since only the broker who successfully closes the sale receives compensation. The seller, retaining the ability to sell the property independently, has the ultimate control over the selling process, which often leads to a more flexible and less binding arrangement compared to exclusive agreements.

To provide context on the other types of listings: an exclusive right to sell listing grants one broker the exclusive right to earn a commission regardless of who finds the buyer; an exclusive agency listing allows the seller to sell the property independently while providing one broker the exclusive right to represent them; and a net listing is based on the seller receiving a predetermined amount, with the excess as commission for the broker, which is less common and often controversial in practice.