Definitions for "Option listing"
A listing agreement with a clause that gives the listing broker the right to purchase the property.
A listing in which the broker also retains an option to purchase the property for the broker's own account. In view of the body of litigation involving breach of fiduciary duties by brokers who conceal offers from buyers until after the broker has exercised the option, full and fair disclosure must be given to the seller. ( See listing agreement )
A listing that also includes an option, permitting the broker to buy the property at the stated price at any time during the listing period. Back to the Top