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.

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.