Business / Real Estate / Exclusive Agency Listing: A written listing agreement giving a sole agent the right to sell a property for a specified time, but reserving to the owner the right to sell the property himself without owing a commission. The exclusive agent is entitled to a commission if he or she personally sells the property or if it is sold by anyone other than the seller. It is exclusive in the sense that the property is listed with only one broker. The multiple-listing service must accept exclusive-agency listings submitted by participating brokers.
Agency Noun Synonyms: means, medium, instrumentality, intervention, intercession, action, intermediation, operation, mechanism, force, power, activity, working(s), energy
Exclusive Adjective Synonyms: only, single, one, sole, singular, unique
Exclusive Noun Synonyms: incompatible, inimical, unshared, unique, absolute, restricted, limited
Business / Real Estate / Multiple-Listing Service (MLS): A marketing organization composed of member brokers who agree to share their listing agreements with one another in the hope of procuring ready, willing and able buyers for their properties more quick MORE
Business / Finance / Listing: In the context of real estate, written agreement between a property owner and a real estate broker that gives the broker permission to find a buyer or tenant for some property. See: Listing broker. MORE