Exclusive Listing

Exclusive Listing
A real estate sale transaction in which a specified real estate agent stands to gain a commission if a property sells within a specified number of months, no matter how a buyer is found. The purpose of an exclusive listing is to motivate the agent to sell the property quickly and at the highest price possible. However, if a homeowner signed an exclusive listing agreement with an agent and also placed an ad for the property, if the buyer found out about the property from the ad, the real estate agent would still earn a commission unless the seller has also established exclusive agency (the right of the seller to sell the property himself and avoid paying a commission despite the exclusive listing agreement).

The exclusive listing agreement may also provide for a protection period to prevent the seller from abusing the agreement to avoid paying a commission and to reward the agent for doing his job. The protection period would allow the agent to still receive full commission after the expiration of the agreement if a potential buyer the agent brought to the house during the listing period came back later and decided to complete the purchase.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • exclusive listing — See exclusive agency listing …   Black's law dictionary

  • exclusive listing — See exclusive agency listing …   Black's law dictionary

  • exclusive listing — /əksˈklusɪv lɪstɪŋ/ (say uhks kloohsiv listing) noun an arrangement for the selling of a house, flat, etc., where it is listed with one real estate agent. Compare open listing …  

  • exclusive listing — noun : a formal agreement giving a broker the sole right to sell or to rent a property during a specified period of time …   Useful english dictionary

  • listing — Real estate. An agreement between an owner of real property and a real estate agent, whereby the agent agrees to attempt to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. The various …   Black's law dictionary

  • listing — Real estate. An agreement between an owner of real property and a real estate agent, whereby the agent agrees to attempt to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. The various …   Black's law dictionary

  • listing — n. an exclusive listing (of a property being sold) * * * [ lɪstɪŋ] an exclusive listing (of a property being sold) …   Combinatory dictionary

  • Exclusive (album) — Exclusive Studio album by Chris Brown Released September 16, 2007 ( …   Wikipedia

  • listing — list·ing n 1: an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usu. for a specific period – called also listing agreement; exclusive agency listing: a listing under which only one… …   Law dictionary

  • exclusive agency listing — see listing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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