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

Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...

Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...

(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...

An official indicating intensity of land use in a zoned urban area. ...

Cancellation of a contract such as when a real estate agreement is deemed illegal. ...

Window normally mounted on hinges in a window casing. It swings outward to open. ...

Barrel, reservoir, or tank for storing rain runoff. ...

Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...

Will not meeting all the requirements of a valid will. ...

Popular Real Estate Questions