What best describes open/non-exclusive agency?

Open or non-exclusive agency is characterized by the seller's ability to engage multiple agents to sell a property, which aligns with the description in the correct answer. In this arrangement, the seller does not have to commit to a single agent and can work with various brokers concurrently. The agent who successfully sells the property is the one who earns the commission, while others, who might also be working on the same listing, do not receive any compensation unless they make the sale. This flexibility allows sellers to maximize their reach in the market as they are not limited to one broker's network or marketing approach.

The other options do not accurately capture the essence of open/non-exclusive agency. Option B describes an exclusive agency where the seller works with only one broker, which creates a more restrictive environment. Option C refers to a binding agreement with significant restrictions, which is also more akin to exclusive agreements than non-exclusive ones. Finally, option D indicates a level of exclusive rights that is not present in open agency arrangements, where the seller retains the right to engage multiple agents.