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.
NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
Multiple listing services evolved as an efficient method of marketing exclusive listings.
NYSE Arca listing standards extend the NYSEeIUs current focus on providing a listing and trading venue for quality companies.
For sellers, it means additional exposure for their listings," said Stephen Meyers, president of Houlihan/Lawrence.
Recent energy listings on NYSE Group in 2006 include Helix Energy Solutions (NYSE: HLX) with a market cap of $3.
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.
Proposal for decision at the extraordinary general meeting The board proposes, as a consequence of that the listing requirements are not complied with by Medicover, that the extraordinary general meeting decides on a resolution to de-list the Swedish Depository Receipts of Medicover listed at the Stockholm Stock Exchange (former O-list).
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.