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 ?
Spinola, "Clearly, an open system of exchange makes the industry more efficient because brokers will spend less time looking for exclusive listings, and more time closing deals.
When posting a for-sale listing, the subscriber selects the resin grade from the database and the material characteristics automatically accompany the listing.
Depending on your company's long-term business and capital objectives, listing on a foreign market could provide the bridge you need to survive in the brave-new-world marketplace.
NYSE Group is a leading provider of securities listing, trading and market data products and services.
The system operates using a Realplus Online Listings EXchange communication device that allows any REBNY member to transmit information from his/her own in-house listings system, or platform.
This will open up the market and create a unified system for sharing listings.
A required proof of monopolization, "barrier to entry" doesn't seem provable in this case because REBNY's membership fee as well as the software needed to access is listings is, according to Scharf, "only a few hundred dollars, not nearly enough to really prevent someone from viewing this information.
NEW YORK -- Today, NYSE Arca(sm) welcomed Constellation Energy Partners LLC (NYSE Arca: CEP) as its 2(nd) IPO since launching its new listing platform for emerging issuers early this year.
Initially, the concept of exclusive listings was resisted by homeowners.
The new Houlihan/Lawrence site also connects to a national database of listings for local customers shopping for second homes or moving from the area.
To view the listings on any of the video portals, use keyword search "homes for sale [state]" i.
With a fresh start, I expect that we'll have 90 to 95 percent of the listings," he said.