Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.
An open listing allows the seller to work with multiple agents, while a net listing gives the agent the exclusive right to sell the property.
Multiple Listing Service (MLS): What Is It An MLS is a powerful tool to further cooperative agreements between brokers for the sale of their listings and provide information necessary to permit such cooperation.
What Is an Exclusive Listing? An exclusive listing is a method of selling real estate property by working directly with just one real estate agent. Instead of publicly listing your home for sale, you agree to let a single real estate agent attempt to find buyers and manage the sale process.
In California, agents must be affiliated with only one broker at a time. To work for more than one brokerage, agents can attain a broker's license and present a copy to the firm.
An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.
An open listing is a non-exclusive contract. This type of listing gives the seller or buyer the right to engage any number of brokers as agents.
An exclusive listing is a type of real estate listing agreement in which a single broker is appointed as the seller's sole agent. In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker.
The most predominant listing agreement in California is the Exclusive Right to Sell Agreement. This agreement entitles the listing agent to a commission regardless of who finds the buyer, granting them exclusive marketing rights for the home. Other types of agreements exist but are less common.
An open listing lets a property owner enlist multiple real estate agents to help them make a sale. Only the agent who finds a buyer earns the commission, but agents may also work together and divide the commission between them.