Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What is the difference between an exclusive and an open listing in Saskatoon, and which should I sign?

An exclusive listing gives one Saskatchewan Real Estate Commission-licensed brokerage the sole right to market your home through the MLS system and earn commission on the sale, while an open listing lets multiple brokerages market the same property and only the one that produces a buyer gets paid.

In practice, almost every Saskatoon home that sells through the MLS system, part of the market the Saskatchewan REALTORS Association tracks at a $444,700 city benchmark, does so under an exclusive listing, because that structure gives a brokerage the incentive to invest marketing effort and negotiating time into your property.

An open listing can suit a seller confident they'll find their own buyer without much marketing help, but it offers little incentive for any single brokerage to promote the property hard, since another brokerage could close the sale first.

For most Saskatoon sellers, the exclusive listing's access to full MLS exposure and Saskatchewan Real Estate Commission-regulated representation outweighs the flexibility an open listing offers. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.