Queensland Consolidated Acts

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PROPERTY AGENTS AND MOTOR DEALERS ACT 2000 - SECT 16

16 Meaning of open listing

(1) An open listing is a written agreement entered into between a person (seller) and a real estate agent or pastoral house (selling agent) under which the seller appoints the selling agent, in accordance with the terms of the agreement, to sell stated property.

(2) Under the agreement--

(a) the seller retains a right--
(i) to sell the seller's property during the term of the agreement; or
(ii) to appoint additional real estate agents and pastoral houses as selling agents to sell the property on terms similar to those under the agreement; and
(b) the appointed selling agent is entitled to remuneration only if he or she is the effective cause of sale; and
(c) the appointment of the selling agent can be ended by either the seller or the selling agent at any time.


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