Listing agreement in which only the listing office may sell the property and earn the commission. If the owner sells the house, the listing office would not receive any commission.
An agreement between a property owner and a real estate agent that gives the agent the right to sell the property within a specified period of time while allowing the owner the right to sell the home without paying a commission.
An arrangement with one agent that property shall be listed with him and not any other agent; does not prevent owner himself from selling without paying commission.
The practice of representing either the buyer or the seller in a transaction. Owes Fiduciary Duties to the party that agent represents.
Sales contract in which sellers owe no commission to an agent if they find a buyer for their house on their own.
An agreement to employ a particular broker. If another broker makes the sale, both are entitled to commissions.
A written listing agreement giving one agent the right to sell property for a specified time, but reserving to the owner the right to sell the property himself without payment of any commission.
A written instrument giving one agent the right to sell property for a specified time, but reserving the right of the owner to sell the property himself without the payment of commission. Exclusive Right to Sell - A written agreement between owner and agent giving the agent the right to collect a commission if the property is sold by anyone during the term of the agreement.
When selling a house, an agreement wherein a property owner uses only one broker during the listing period.
The type of agency relationship in which the broker represents either the buyer or the seller, but not both in the same transaction.
A written listing with a real-estate broker giving a right to sell property for a specific time. If the owner sells the property, the broker is not entitled to a commission.
A contract hiring the broker as the exclusive agent for the seller. If anyone, except the seller, finds a buyer, the broker has earned the commission. Back to the Top
A written listing agreement giving a sole agent the right to sell a property for a specified time, but reserving to the owner the right to sell the property himself without owing a commission. The exclusive agent is entitled to a commission if he or she personally sells the property or if it is sold by anyone other than the seller. It is exclusive in the sense that the property is listed with only one broker. The multiple-listing service must accept exclusive-agency listings submitted by participating brokers.
An agreement in which one broker has exclusive rights to represent the owner or tenant. If another broker is used, both the original and actual broker are entitled to leasing commissions.
Given to an agent, while not precluding the owner from selling his own property himself, ensures that the agent gets to close the transaction.
A listing agreement with a real estate broker to sell or lease ones property during a specified period, excluding all other brokers, but reserving the owners right to sell without paying a commission.
A listing agreement which gives the listing agent the right to sell the property for a specified time. The owner reserves the right to sell the property himself without paying a commission to the agent. Brokers run the risk of investing their time, effort, and money in a listing that, even if sold through their marketing efforts, does not produce a commission. Contrast with Exclusive Right to Sell.
Where an agent is given the exclusive right to sell or manage a property for an agreed period of time.
Employment of a particular broker. If a sale by another broker is accepted, both are entitled to commissions.
