Which type of agency agreement typically offers the least exclusivity to the broker?

An open listing is characterized by its non-exclusive nature, which means a property owner can list the property with multiple brokers at the same time. This type of agreement allows the owner to sell the property independently as well, without any obligation to compensate the brokers unless they are the ones who find the buyer. As a result, brokers have little to no guarantee of being compensated for their efforts, making it the least exclusive arrangement.

In contrast, an exclusive right to sell agreement grants one broker the sole right to sell the property, ensuring that they will receive a commission regardless of who finds the buyer. An exclusive agency agreement also grants some exclusivity, but the owner retains the right to sell the property without owing a commission to the broker. A buyer agency agreement establishes a relationship between the buyer and broker, focusing specifically on representing the buyer's interests, but it typically carries more exclusivity than an open listing. Therefore, the open listing option clearly presents the least exclusivity for the broker involved.