  We construct the Baxter Q-operator and the representation of the Separated
Variables (SoV) for the homogeneous open SL(2,R) spin chain. Applying the
diagrammatical approach, we calculate Sklyanin's integration measure in the
separated variables and obtain the solution to the spectral problem for the
model in terms of the eigenvalues of the Q-operator. We show that the
transition kernel to the SoV representation is factorized into the product of
certain operators each depending on a single separated variable. As a
consequence, it has a universal pyramid-like form that has been already
observed for various quantum integrable models such as periodic Toda chain,
closed SL(2,R) and SL(2,C) spin chains.
