Open Agent or exclusive agent

[Peter Sik]

Asked 2 agents, they said you have to have exclusive listing agent, and there is no such open agent. 

According to what I found:

"What does open Agent mean?When the listing is open, the agent who makes the sale is paid the commission, not the listing agent.
If the homeowner finds a buyer without the assistance of an agent, no
one is paid a commission. If the agent has an exclusive right to sell,
the agent earns a commission regardless of who sells the property."

That is not true.

I would like to know:

1. Why they don't know or not willing to tell there is an open agent?

2. Does it really that much work and spending to list a property?   

3. What is the pro and con for exclusive and open agent on this marketing situation now?

[Winston Covington]

Speaking from the point of view of a professional 37+ year veteran of real estate…I have never taken an open listing in my career. A Realtor that is dedicated to representing his / her client in the sale of their home to the best of their ability will invest thousands of $ in the marketing of the property as well as a considerable amount of time, energy and talent. With years of experience, knowledge and a high level of integrity…a professional Realtor earns his commission and then some for the level of service that they provide their clients. An exclusive right to sell listing provides the assurance that if the listing agent performs well and his marketing efforts produces an acceptable offer…the agent will be paid for their services.