📋 Exclusive vs Open Listings: What’s Best for Commercial Sales?
Last Update 6 months ago
When listing property through a broker, you’ll choose between:
Exclusive Listing:
- You authorize only one broker to market your property.
- Pros: Focused effort, confidentiality, better control.
- Cons: Limited exposure if the broker is not proactive.
Open Listing:
- Multiple brokers can market your property simultaneously.
- Pros: Broader reach, multiple offers.
- Cons: Risk of inconsistent pricing and misinformation.
Best Practice: Use an exclusive listing with a performance clause (e.g., if no leads in 30 days, you can switch brokers).