Business / Real Estate / Listing Broker: The broker in a multiple-listing situation from whose office a listing agreement is initiated, as opposed to the cooperating broker, from whose office negotiations leading up to a sale are initiated. The listing broker and the cooperating broker may be the same person.
Broker Noun Synonyms: stockbroker, agent, dealer, middleman, intermediary, go-between, stockjobber
Business / Real Estate / Multiple-Listing Clause: A provision in an exclusive listing for the authority and obligation on the part of the listing broker to distribute the listing to other brokers in the multiple-listing organization. MORE
Business / Real Estate / Cooperating Broker Fee Agreement: An agreement between brokers specifying the commission split should the cooperating broker sell a property listed by the listing broker. MORE
Business / Real Estate / Buyers Broker: A broker who represents the buyer in a fiduciary capacity. Some buyers brokers practice single agency, in which they represent either buyers or sellers, but never both in the same transaction. Some bu MORE
Business / Real Estate / Cooperating Broker: A broker who assists another broker in the sale of real property. Usually the cooperating broker is the selling broker who found a buyer for the listing broker. MORE
Business / Real Estate / Exclusive-Authorization-And-Right-To-Sell Listing: A written listing agreement appointing a broker as the exclusive agent for the sale of property for a specified period of time. The listing broker is entitled to a commission if the property is sold b MORE