The title refers to a real estate industry term used in the United States which denotes a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an "Exclusive Right to Sell" or "Exclusive Agency" agreement or contract, but where it is never advertised nor entered into a multiple listing system (MLS), or where advertising is limited for an agreed-upon period of time.
MGM and Orion Pictures acquired and distributed the film on December 1, 2016 in limited theatrical release and all VOD platforms.
James Jurdi acts in and wrote the film as well.
The Malibu villa in the film is the same one used in "The Hangover 3."
In order to emphasize the character of Los Angeles in the film, much of the shooting took place at historic and ultra popular Southern California filming destinations, including the famed Cadillac Hotel on the Venice Beach boardwalk and along 544 Mateo Street in Downtown LA, where the tenement scenes took place.