sec.20Meaning of open listing

### sec.20 Meaning of open listing An open listing is a written agreement entered into between a person ( seller ) and a property agent ( selling agent ) under which the seller appoints the selling agent, in accordance with the terms of the agreement, to sell stated property and under the agreement— the seller retains a right— to sell the seller’s property during the term of the agreement; or to appoint additional property agents as selling agents to sell the property on terms similar to those under the agreement; and the appointed selling agent is entitled to remuneration only if he or she is the effective cause of sale; and the appointment of the selling agent can be ended, at any time, by either— the seller giving the selling agent written notice of the ending of the appointment; or the selling agent giving the seller written notice of the ending of the appointment. - (a) the seller retains a right— (i) to sell the seller’s property during the term of the agreement; or (ii) to appoint additional property agents as selling agents to sell the property on terms similar to those under the agreement; and - (i) to sell the seller’s property during the term of the agreement; or - (ii) to appoint additional property agents 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, at any time, by either— (i) the seller giving the selling agent written notice of the ending of the appointment; or (ii) the selling agent giving the seller written notice of the ending of the appointment. - (i) the seller giving the selling agent written notice of the ending of the appointment; or - (ii) the selling agent giving the seller written notice of the ending of the appointment. - (i) to sell the seller’s property during the term of the agreement; or - (ii) to appoint additional property agents as selling agents to sell the property on terms similar to those under the agreement; and - (i) the seller giving the selling agent written notice of the ending of the appointment; or - (ii) the selling agent giving the seller written notice of the ending of the appointment.