What Is Listing Agreement?
A contract between a property owner and a real estate broker that authorizes the broker to list and sell the property. It specifies the broker's commission, listing price, and the duration of the exclusive listing period, typically 90-180 days.
Listing Agreement across 3 exams
Listing Agreement appears on the following exams. Each defines it in the context candidates are tested on:
- TX Broker
- A contract between a property owner and a real estate broker that authorizes the broker to list and sell the property. It specifies the broker's commission, listing price, and the duration of the exclusive listing period, typically 90-180 days.
- NC Broker
- A contract between a property owner and a licensed broker that authorizes the broker to represent the seller in marketing and selling the property. The agreement specifies the listing price, duration, and commission terms.
- FL Broker
- A contract between a seller and a broker that authorizes the broker to list the property and represent the seller in the sale process. The agreement typically specifies the commission rate, listing period, and duties of the broker.