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L

listing

listing ( n )

1 :an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usu. for a specific period called also listing agreement


exclusive agency listing :a listing under which only one agent may sell the property but without the right to a commission if the owner sells it directly An agent is usu. still entitled to a commission if the owner sells directly to a buyer found by the agent, even if the sale occurs after the agreement expires.


exclusive right to sell listing :a listing under which only one agent may sell the property and is entitled to a commission if the owner sells it directly to any party


multiple listing :an agreement or arrangement under which real property is marketed through a service or association composed of several agents with a commission from the sale of a property shared between the selling agent and the agent that initiates the listing of it


net listing :a listing under which the agent that sells a property retains as compensation the amount of the selling price that exceeds a specified sum


open listing :a listing that does not preclude the use of multiple agents or a direct sale by the owner with no commission paid to an agent called also nonexclusive listing

2 a :a record of a property or properties available through a real estate agent

b :a property listed in such a record



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