A listing agreement employing a broker to act as agent for the seller of real property under the terms of which a broker is entitled to a commission if the real property is sold during the duration of the listing through another broker or by the owner without the services of an agent.
A written listing contract between a property owner and a real estate broker whereby the owner appoints the broker as his/her agent for a specific period of time and promises to pay a fee or commission to the broker if the real property is sold during the listing period, whether or not the broker is the cause of the sale.
A listing agreement under which the seller appoints a broker as their exclusive agent for a specific period of time, for a set commission. The seller pays the brokerâ€(tm)s commission regardless of who produces the buyer, be it the broker, the owner, or another broker.
A written agreement between owner and agent giving agent the right to sell a property and collect a fee for a set term.
A written agreement between an owner and an agent giving the agent the right to collect a commission if the property is sold by anyone during the term of his or her agreement.
most desirable type of listing is the exclusive right to sell listing because it offers the most protection for the listing broker. If the owner or the broker finds a suitable buyer, the broker has the right to a commission
When a business owner gives one Broker or Agent the authority to sell his/her business. The Broker or Agent receives commission no matter who sells the business - even if the seller finds the buyer during the listing period. (See Agency Listing)
In this form of listing the owner agrees to give one designated broker the sole right to sell the property for a period of time. If the property sells during that time period, the seller owes a brokerage fee or commission to the designated broker. In contrast to the Exclusive Agency Listing and the Open Listing, if the owner sells the property to a buyer that the owner finds, a brokerage fee or commission is still due the designated broker. This type of listing is used in the vast majority of transactions. It can be advantageous to the owner because the designated broker and those applicable affiliated licensees will apply their best efforts and upon the consummation of the transaction, will receive the brokerage fee or commission and recover any expenses.
similar to the exclusive listing, only now only the listing agent may sell the home and is paid a commission regardless of if the buyer was procured by the seller or the agent. Most common form of listing with Agents
Employment contract giving the broker the right to collect commission if the property is sold by anyone, including the owner, during the term of the agreement.
