{"id":936,"count":3,"description":"\r\n\r\nJump to: \r\n<a href=\"#question1\">What is a listing?<\/a>\r\n<a href=\"#question2\">What is a listing agreement?<\/a>\r\n<a href=\"#question3\">What are the types of listing agreement?<\/a>\r\n\r\nWhat is a listing?\r\n\r\nWhile we generally tend to think of a listing as the advert for a property that is for sale or for rent, the listing actually refers to the listing agreement that is made between a principal and an agent, regarding marketing of a property.\r\n\r\n\r\n\r\n\r\nWhat is a listing agreement?\r\n\r\nThe listing agreement is an employment contract, which authorizes an agent to act on behalf of a principal.\r\nThis agreement generally includes:\r\n- the length of the listing period\r\n- the desired sales price (perhaps also include a minimum to maximum range)\r\n- the amount and distribution of commission, for example how much (%) for the listing broker and how much for the selling broker\r\n- any possible exceptions to the commission, such as a reduced fee for preferred buyers\r\n\r\n\r\n\r\n\r\n\r\nWhat are the types of listing agreement?\r\n\r\n- Open listing \u2013 whereby the seller reserved the right to employ any number of agents. Therefore, the listing agreement is non-exclusive, and the selling agent is the only one who receives commission (unless the seller manages to sell the property independently, in which case no commission is paid)\r\n- Exclusive agency listing \u2013 whereby the seller contracts one broker to act as exclusive representative for the sale of the property. However, the seller can still retain the right to sell the property independently (but not through a different broker).\r\n- Exclusive right-to-sell listing \u2013 Only one broker has the right to represent the property and also has exclusive rights to the commission of sale, meaning that the broker gets paid, no matter who sells the property, while the agreement is in effect.\r\n\r\n\r\n\r\nYou might also be interested in:\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-amortization\/\">What is the amortization of intangible assets?<\/a>\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-amortization\/\">What is the amortization of tangible assets?<\/a>\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-acquisition\/\">What is the difference between a merger and an acquisition?<\/a>\r\n\r\n\r\n\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/sitemap#A\">A<\/a>\r\n<a 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href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-amortization\/\">Amortization<\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-equity\/\">Equity <\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-notary-public\/\">Notary Public <\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-progression-regression\/\">Progression\/Regression<\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-acquisition\/\">Acquisition <\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-annuity\/\">Annuity <\/a>\r\n\r\n\r\n<a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-asset\/\">Asset <\/a>\r\n  \r\n  \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-fiduciary\/\">Fiduciary <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-inflation\/\">Inflation <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-contingency\/\">Contingency <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-escrow\/\">Escrow<\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-power-of-attorney\/\">Power of attorney <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-real-estate-agent\/\">Real Estate Agent <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-eminent-domain\/\">Eminent Domain <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-liability\/\">Liability <\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-statute-of-limitations\/\">Statute of Limitations<\/a>\r\n\r\n    \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-valid\/\">Valid <\/a>\r\n\r\n \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-variance\/\">Variance<\/a>\r\n\r\n \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-contiguous\/\">Contiguous <\/a>\r\n\r\n \r\n  <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-deficit\/\">Deficit<\/a>\r\n\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-listing\/","name":"Listing","slug":"cre-term-listing","taxonomy":"post_tag","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a Listing? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"While we generally tend to think of a listing as the advert for a property that is for sale or for rent, the listing actually refers to the listing agreement that is made between a principal and an agent, regarding marketing of a property.\" \/>\n<meta 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