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The "open listing" is mostly used by people trying
to sell their home by owner who are also willing to work with real estate agents.
Basically, it gives a real estate agent the right to bring buyers around to
view your home. If their client buys your home, the agent earns a commission.
There is nothing exclusive about an open listing and a home seller can give
out such listings to every agent who comes around. For that reason, no agent is going to market your home
or put it in the Multiple Listing Service. If your home fits the criteria for
one of their clients, and it is convenient, they may be willing to show it to
their client. That is all an "open listing" is good for.
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