Review for Open Listings

Open Listings logo
Editor's Rating
Users' Rating
Reviews for Open Listings, a multi-state real estate broker and an agent referral network that offers consumers listing savings and buyer’s refunds.
Start your review of Open Listings

Buying and Selling with Open Listings

A multi-state broker rebates buyer part of the commission it receives. In some cases, Open Listings acts as an Internet referral service where it sets rebates for independent real estate brokers that do not work for Open Listings directly.

Open Listings Pricing

Open Listings offers home buyers a 50% commission rebate. Open Listings also requires a $5,000 minimum commission. Minimum commission requirement negates refund for homes priced under 150,000 USD.

Listing Services

  • This Service Does Not Represent Sellers

Buyer's Agent Services

  • Find the Property
  • Accept and Deliver All Offers and Counteroffers
  • Recommend Other Professionals
  • Attend Inspection Services
  • Schedule Private Showings
  • Negotiate Needed Repairs
  • Closing Duties

Open Listings Editor's Review:

Last updated: 29 March 2020
First published: 17 February 2019

In some cases, Open Listings represents clients directly. However, Open Listings Referral Network (Partner Agents) is a referral process that connects buyers with third-party real estate agents in exchange for an undisclosed commission split or a referral fee.

A Partner Agent who is employed by, or works with their own brokerage gets referred by Open Listings at their own discretion, as a blind match. Open Listings keeps referral fee amount hidden and does not disclose the split amount it receives from real estate agents who operate under their own license – this practice is highly deceptive and is designed to deceive consumers into thinking that Open Listings is the brokerage they are actually working with.

By engaging with Open Listings consumers authorize them to share personal information and home search history with any Partner Agent, regardless if a consumer wants to work with an Open Listings agent directly.

When shopping for a Real Estate Agent, the price alone is not as important as being able to make an informed choice about representation. Open Listings Referral Network is a poor choice for Real Estate Agents and consumers due to lack of transparency.

Open Listings’ operations as a referral network result in an inefficiency known as reverse competition and possible price fixing. Such practice may result in a lower quality of service or higher commissions.

Once Open Listings refers a customer to a Partner Agent, that agent, not Open Listings, represents the customer from the initial meeting through closing. Open Listings dictates that Partner Agent rebates 50% of their commission in order to receive a referral, while Open Listings takes a commission cut after the transaction is complete.

In the United States, all independent brokerage fees are always negotiable and each real estate agent establishes its own policy for a fee structure, amount of commissions, and issuing rebates to consumers.

Price fixing is prohibited by antitrust legislation. To fix, control, recommend, suggest or maintain commission rates, rebates, and fees for other agents' services is an improper practice.

Open Listings does not represent home sellers, but the company was acquired in 2018 by a direct home cash buyer: Opendoor.

Opendoor does not represent home sellers either, it is a real estate investor who buys homes from consumers and resells them at a profit; this practice is known as house-flipping.

When working with Open Listings, consumers may be pressured to use Opendoor by their Open Listings real estate agent. There is absolutely no requirement for anyone using Open Listings when buying a home to sell their home to an Opendoor.

As buyer’s agent Open Listings’ job is to represent consumers when making a purchase of a new home, it should not advise consumers on their existing home listing, unless a separate listing agreement exists.

Real estate agents are required by law to place their client’s interest before their own. Consumers are encouraged to read our full review for Opendoor before using the house-flipping service.

FAQ for Open Listings

What is Open Listings?

Open Listings is a California-based real estate broker that offers consumers buyer's refunds. In some cases, Open Listings dictates that third-party Partner Agents rebate 50% of their commission to receive a referral, while Open Listings takes a commission cut after the transaction is complete.

Is Open Listings legitimate?

Yes and No. Open Listings Referral Network (Partner Agents) is a process that connects buyers with third-party real estate agents in exchange for an undisclosed referral fee. This process may result in a lower quality of service.

In the United States, all independent brokerage fees are always negotiable and each real estate agent must establish their fees independently to comply with the Sherman Act. Price fixing services of third-party agents is a contradiction of antitrust regulations that prohibit entering into agreements to restrain free trade.

Open Listings Service Areas:

California, Washington, Texas, and Illinois.

Contact Open Listings:

2000 Hyperion Ave
Los Angeles, CA 90027 US

Leave your review for Open Listings

Please provide honest and constructive feedback about this business. You are solely responsible for the quality of the content.

Companies can never ask HomeOpenly to remove legitimate consumer reviews. All user reviews are protected by the Consumer Review Fairness Act (CRFA) that safeguards people's ability to share their honest opinions about a business.

HomeOpenly team publishes genuine, independent, and unpaid editorial reviews for residential real estate companies that operate in the United States. Each year we highlight services that bring the best overall value to consumers with the highest Editor's Rating. There are no commercial agreements (paid or otherwise) between HomeOpenly and the reviewed business. We encourage our users to post helpful and independent reviews about this business with any sentiment. Please check our Content Guidelines or simply contact us if you have a question.

Thank you!

Your review has been successfully received. Please allow 24 hours for your review to become available.

Feel free to contact us if you need further assistance. At HomeOpenly we aim to make the opportunity of homeownership transparent, affordable and an open experience.