exclusive listing definition

A written contract between a property owner and a real estate broker, whereby the owner promises to pay a fee or commission to the broker if certain real property of the owner is sold during a stated period, regardless of whether the broker is or is not the cause of the sale. Exclusive Agency Listing An exclusive agency listing is similar to an open listing except the major difference is the broker will represent the owners. However, different from the Exclusive Right to Sell Listing, whenever a home seller decides to go with the Exclusive Agency Listing, he retains the possibility of not paying the … Start your free trial today and get unlimited access to America's largest dictionary, with: “Exclusive listing.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/exclusive%20listing. 2. An exclusive agency listing is a real estate contract whereby the owner of a property appoints a single real estate broker as his or her exclusive agent. Exclusive Listing. 1. The listing belongs to that broker "exclusively". Our Word of the Year 'pandemic,' plus 11 more. Exclusive Listing An exclusive listing is used to define an agreement between a seller and a real estate agent, which gives the agent exclusive rights to sell the home. The owner retains the right to sell the property himself or herself without paying the agent a commission. Accessed 3 Dec. 2020. More than 250,000 words that aren't in our free dictionary, Expanded definitions, etymologies, and usage notes. An exclusive interview with the prime minister was published in this week’s issue of the magazine. pocket listing. means an agreement in writing between a broker and a vendor of real estate, under which the broker has the exclusive right to negotiate a sale or lease of the real estate described therein; (« mandat exclusif ») Agents need to be assured that they will be compensated for their efforts in selling the home. 2. Can you spell these 10 commonly misspelled words? 'All Intensive Purposes' or 'All Intents and Purposes'? With non-exclusive listing agreements, the real estate agent receives a commission only if he sells the property or home. In saying this, the more REALTORS® that you allow to advertize, show, and promote your property the more likely it will be that you will meet the previously mentioned goals. Exclusive Listing A written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time. An exclusive listing agreement (otherwise referred to as an exclusive right-to-sell listing agreement) gives exclusive selling rights to one real estate agent for a set period of time. You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary. 3. A legal agreement that gives one real-estate agent the right to sell a property for a specified period. Exclusive listings are a bit controversial, and are rarely seen in Yellowknife, but there is at least one type of situation where they are potentially preferable to MLS® listings. Exclusive listing agreements grant the real estate agent the right to a commission, regardless of who sells the home or property. The meeting was held exclusive of free members. An exclusive listing is one where the listing sales person or broker lists the property for the seller but the sales person retains the exclusive right to market and sell the property. Nonexclusive definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. With this type of agreement no other agent will bring potential buyers to your home because only the listing agent is entitled to the commission. Exclusive Agency Listing Agreement Definition. In this resource guide I want to explain to you what an “Exclusive” listing means; more specifically, what listing “Exclusively” means when compared to an “MLS ® ” listing. Although the majority of REALTORS® and sellers recognize the benefits of listing “MLS®”, some sellers still request to list “Exclusively”. Not allowing something else; incompatible: mutually exclusive conditions. 1. Look at the following sentences. By listing “Exclusively” not only do sellers have less REALTOR® working to sell their property, it also means that sellers run the risk of having less “traffic” and consequently less interested buyers. Exclusive listings are not posted on the MLS® system and therefore other Realtors and their buyers are not given the opportunity to see or buy those listings. Which word describes a musical performance marked by the absence of instrumental accompaniment. 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