Listing Agreement
Listing Agreement A.K.A. Listing is basically a contract allowing a real estate agent or broker to list a home for sale and act as the home seller agent representing his/her interests throughout the home selling process. Listing Agreements stipulates the commission rate the real estate agent or broker gets when the house is sold and the length of time he/she will represent the home seller and his property.
There are several kinds of Listing Agreements. There are exclusive listing agreements - like the Exclusive Right to Sell Listing and the Exclusive Agency Listing - and also non-exclusive listing agreements like the Open Listing. Unfolding from those, there are other specific Listings like the Option Listing, the Net Listing, and the Dual Listing.
Real estate tip:
Expiration dates for Listing Agreements can vary from 90 days, to 180 days or even a year! There are no rules. It is up to you and your agent or broker to decide what feels right for your property.
Want to know the basics of Listing Agreements? Check our Listing 101: What you need to know when you hire a real estate agent or a broker article!
Missing the expertise of a professional to better understand Listing Agreements? Use our Real Estate Agent Directory to find the perfect agent or broker for you!
Popular Real Estate Terms
Intermediate debt (5 to 10 years) without periodic payments but the entire amount (balloon payment) is due at the maturity date. If full payment is not made, the lender may foreclose on the ...
A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constructed of steel, reinforced concrete, and ...
Situation in which very few prospective buyers of real estate are rejected by lenders. This may be due to ample money supply, lower interest rates, and/or relaxed credit standards. See also ...
Range reconnaissance, or surveying, for the purpose of preparing grazing capacity estimates. There are two parts to a range survey: mapping of grazing cover varieties and associated ...
Also called profit and loss statement. A financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, ...
Tax assessed on a transfer of property made without adequate legal consideration. This tax is based on the appraised value of the property at the time of transfer.Also, gifts of property ...
Escrow, often known as collateral, is a legal concept. A third party is designated to hold an asset, resource, or a sum of money used in a transaction on behalf of the other two parties, ...
A portion of a real estate company's assets financed with debt instead of equity. It involves interest an principal obligations. Financial leverage is beneficial to real estate investors ...
Map presented to a municipality's planning agency by a real estate developer for consideration and approval. ...
Have a question or comment?
We're here to help.