Listing


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Listing

An agreement that represents the right of a real estate agent or Broker to handle the sale of real property and to receive a fee or commission for services.

There are various types of real estate listings. A general or open listing is a right to sell that may be given to more than one agent or broker simultaneously. An exclusive agency listing is the right of one real estate agency to be the sole party, with the exception of the owner, who is permitted to sell the property during a particular period. Through an exclusive authorization to sell listing, one agency is given the sole authority to sell the property during a certain time period. The agency will receive a commission even if the owner finds the buyer during the time period.

A multiple listing takes place when an agent with an exclusive listing provides a number of members of a real estate association with information about the property and shares the commission with the agent who is able to find a buyer.

A net listing is an arrangement whereby the seller establishes a minimum price that will be taken for the property, and the agent's commission is the amount for which it sells above such minimum.

See: census, docket, index, registration
References in periodicals archive ?
Waste Management is in the process of spinning off its European operations and is listing in London in order to position itself for self-financing.
For the past several years, though, she has helped develop a revolutionary system that has changed the face of online listings in New York.
The CLE is intended to supplement their existing methods of collecting listings.
Multiple listing services evolved as an efficient method of marketing exclusive listings.
For sellers, it means additional exposure for their listings," said Stephen Meyers, president of Houlihan/Lawrence.
Property representatives enter, edit, and cancel listings via a fast, easy-to-use account at the Web site and also receive 'hit' statistics showing the number of times each listing has come up in a space search.
Multiple listing services are used in many other places across the country, but in New York City, brokers traditionally have kept their lists to themselves.