Definition of "Bilateral listing"

(1) Agreement where the broker and the seller agree to mutual performance. The broker agrees to advertise the property at the agreed sale terms with the intention of putting together buyer and seller, while the seller agrees to sell and deliver the listed property. (2) Simultaneous listing with two separate real estate agents.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

One of the things that humanity aspires to is open spaces and outdoor recreation opportunities, a place where families can enjoy natural beauty in its most raw form. The open space ...

English style of architecture characterized by carving and paneling and flattened arches. ...

The minimum age required for legal competency ( in most states 18 years). ...

Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...

Founded in1934 and located in Chicago, IL with a 1993 membership of 8,300, the IAAO seeks to ameliorate assessment standards as well as to perform ongoing property assessment research. The ...

Day the attachment of property under a judicial order becomes effective. ...

Secondary written agreement to purchase real property in the event the initial contract is not signed. ...

Also known as SIOR, the Society of Industrial and Office REALTORS® is a professional commercial and industrial real estate association that works on an international level. In the US, ...

Securities supported by a pool of mortgages. The principal and interest are due monthly in the mortgages and are passed through to the investors who bought the pool. ...

Popular Real Estate Questions