What is a Joint Listing?

• A. Joint Listings
• B. Open Listing
• C. Exclusive Agency
• D. Agency Coupled With Interest

Answer: (A)

A joint listing is when more than one broker is authorized to market and sell a property under the same listing arrangement. This means both brokers have rights to bring a buyer and earn a portion of the commission, which is split according to what the seller’s contract specifies. The idea is to broaden market exposure, since two offices can show the property and handle offers, rather than relying on a single broker. This is different from an open listing, where no exclusive rights exist and multiple brokers can compete for a sale without a guaranteed commission to any particular one. It’s also distinct from an exclusive agency, where only one broker is officially entitled to the commission unless the seller finds the buyer themselves, and from agency coupled with interest, where the broker has a financial stake in the property.