a listing given by the seller to any number of brokers to work simultaneously to sell a property
an authorization gives the listing agent a non-exclusive right to secure a purchaser
a non-exclusive authorization for brokers to find a buyer for your property
a non-exclusive listing contract that may be given to any number of real estate brokers
a written agreement entered into between a person (seller) and a real estate agent or pastoral house (selling agent) under which the seller appoints the selling agent, in accordance with the terms of the agreement, to sell stated property
a written agreement signed by the party to be charged - in most cases the seller of the property - authorizing the broker to act as agent for the sale of designated property
Listing that pays commission to whichever broker or salesperson sells the property; permits the owner to list with more that one broker and be liable for only one commission.
A written authorization to a real estate broker/agency by a property owner, stating that a commission will be paid to that broker/agency upon closing if that broker/agency procures the buyer.
A listing agreement in which the broker receives a commission only if he is the procuring cause of the ready, willing, and able buyer.
A listing offered to the brokerage community by an apartment owner, a developer, or a management firm. This type of listing often allows a broker to earn a larger fee than if the property were being marketed by a co-operating broker.
In contrast to an "Exclusive Listing", an agreement that is made between a property owner and one or more real estate agents to pay a commission only if the agent brings a buyer that purchases the property.
A type of listing agreement in which more than one real estate agent may be employed to sell the property. The owner pays a commission only to the agent who finds the buyer. This listing is also known as a simple listing or a general listing and the owner is not obligated to pay anyone a commission if the owner personally sells the property. Such a listing is often used by builders and developers who agree to pay a sales commission to any agent who sells a house or lot in their subdivision.
A listing contract under which the broker's commission is contingent on the broker's producing ready, willing and able buyer before the property is sold by the seller or another broker.
An apartment made available to the public by the landlord. Although brokers may also have an open listing, you don't have to go through a broker to get it. Most NY apartments are open listings - you only have to know about them, know how to get in to see them, whom to contact when you want to apply, and know what preparation, paperwork, and monies you need to have on hand. In short, you need exactly what RentSection8.com provides
A property that multiple brokers can market and compete to sell for a commission.
A listing contract under which the broker's commission is contingent upon the broker producing a buyer before the property is sold by the owner or another broker.
Also called a simple listing or general listing, non-exclusive agreement between the seller and real estate agent that requires the seller to pay commission only if the listing agent is able to bring the buyer to the seller. If the seller finds a buyer through another agent or with no help from the listing agent, the seller will NOT have to pay any commissions to the original listing agent. For more information, see the "Selling Your Real Estate" article in the "Real Estate In-Depth" section.
Any number of agencies can offer the property to buyers
A listing contract whereby a property owner agrees to pay a fee or commission to the listing broker if the broker or their sales agent presents the seller with a bone fide offer that meets the specified price and terms. There is no Exclusive Right to Sell and the offer must be brought before any other offer is presented or accepted. It is not required that the offer be accepted by the owner for the commission to have been earned. For other types of listing agreements, see Agency Listing and Exclusive Listing.
A listing where the owner of the property hires more than one broker and only pays commission to the one that provides the purchaser.
An agreement whereby the owner of the property may enlist more than one broker to attempt to sell the property and the commission is payable only to the successful agent.
A listing given to any number of brokers who can work simultaneously to sell the owner's property. The first broker to secure a buyer who is ready, willing and able to purchase at the terms of the listing earns the commission. In the case of a sale, the seller is not obligated to notify any of the brokers that the property has been sold. Unlike an exclusive listing, an open listing need not contain a definite termination date. The listing terminates after a reasonable time, usually whatever is customary in the community. Either party can, in good faith, terminate the agency at will. ( See listing agreement )
loose type of listing that does not offer any exclusivity. The owner could have an infinite number of open listings on the property. Because there is no exclusivity, there is no real protection for the broker in an open listing
A listing agreement with one or more real estate brokers to sell or lease ones property on a non-exclusive basis.
A listing contract in which sellers hire more than one firm or person to sell their home, and only the one who produces the buyer is entitled to the commission
An authorization given by a property owner to a real estate agent wherein said agent is given the non-exclusive right to secure a purchaser; open listings may be given to any number of agents without liability to compensate any except the one who first secures a buyer ready, willing and able to meet the terms of the listing, or secures the acceptance by the seller of a satisfactory offer.
A listing contract in which a seller hires more than one firm or person to sell a home, and only the one who produces the buyer is entitled to the commission.
A property given to a number of brokers to market at the same time.
A listing agreement which provides that a broker will be paid if he sells the property, but will not get paid if sold by another including other brokers. Owners sometimes enter into multiple open listings.
an oral or general listing.
In an open listing, property is listed with a designated broker for a specified price with an agreement to pay a brokerage fee or commission on that price, or any other price offered which is accepted by the owner. The owner, also, receives the right to list the property with other designated brokers. Upon the successful completion of the transaction, a brokerage fee or commission is paid only to the designated broker who found the buyer. If the owner sells the house to a buyer found by the owner, then no brokerage fee or commission is paid to anyone. This type of listing can cause disputes over who was responsible for finding the buyer and who gets the brokerage fee or commission, or if a brokerage fee or commission should be paid to anyone.
A listing given to any broker without liability to compensate any broker except the one who first secures a buyer who is ready, willing, and able to meet the terms of the listing, or secures the acceptance by the landlord of a satisfactory offer; the lease of the property automatically terminates the listing.
Property marketed by a number of brokers simultaneously.
an agreement where more than one agent is employed to sell a property and a commission is paid only to the agent who sells it
A contract under which the broker is commissioned to find a buyer before the property is sold by the seller or another competing broker
A property that is simultaneously marketed by multiple real estate agents.
Also known as a Nonexclusive Listing; it is a contract given by a property owner authorizing any real estate agent or broker to act as his agent. To be entitled to a commission, the agent/broker must be the "procuring cause" of the sale. Open listings are typically given to a number of different agents.
A nonexclusive agency whereby the owner agrees to a fee only if the broker is the first to procure a buyer under the exact terms of the listing or any other terms to which the owner agrees.
A property that a number of brokers can market and sell for a commission.
A listing given to any number of brokers without liability to compensate any except the one who first acquires a buyer ready, willing and able to meet the terms of the listing, or secures the acceptance by the seller of a satisfactory offer; the sale of the property automatically terminates the listing.
Where a property is listed with more than one agent (only one commission is paid).
A listing under which the principal (owner) reserves the right to list his property with other brokers.
A listing given to any number of brokers. The first broker who secures a buyer ready, willing and able to purchase at the terms of the listing is the one who earns the commission.