Exclusive Agency Listing

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.

Other Words for Agency

Agency Noun Synonyms: means, medium, instrumentality, intervention, intercession, action, intermediation, operation, mechanism, force, power, activity, working(s), energy
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Other Words for Exclusive

Exclusive Noun Synonyms: incompatible, inimical, unshared, unique, absolute, restricted, limited
Exclusive Adjective Synonyms: only, single, one, sole, singular, unique
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Multiple-Listing Service (MLS)

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

Listing

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

Law Of Agency

Business / Real Estate / Law Of Agency: A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate broker to be MORE

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