Open Listing

A property that is simultaneously marketed by multiple real estate agents.

Investopedia Says:
Some reasons for this approach could be that the property needs to be sold quickly or is a tough sell.

In real estate, Listing given to any number of brokers without liability to compensate any except the one who first secures a buyer who is ready, willing, and able to meet the terms of the listing or secures the seller's acceptance of another offer. The sale of the property automatically terminates all open listings. See also Exclusive Agency Listing.

A Listing given to any number of Brokers without Liability to compensate any except the one who first secures a buyer who is ready, willing, and able to meet the terms of the listing or secures the seller's Acceptance of another Offer. The sale of the property automatically terminates all open listings.
Example: Quarry offers an open listing to 2 brokers, Ridley and Sims. Ridley presents a buyer who eventually purchases the property. Ridley is entitled to a Commission Sims is not.

A type of real estate listing contract whereby any agent who has a right to participate in the open listing is entitled to a commission if he or she produces the sale.