Listing Agreement

Definition: A listing agreement is a contract in which an owner engages a brokerage to provide services to sell or lease property on stated terms.

Example

A seller hires a brokerage for a defined period and agrees on marketing services and compensation.

Keep the distinction clear

A listing contract is different from the property's advertisement and from a buyer-seller purchase contract. Its exclusivity and compensation terms determine the broker's rights.

Related terms

Exclusive Agency Listing · Exclusive Right of Sale Listing · Open Listing

Keep studying

Open Listing vs. Exclusive Agency vs. Exclusive Right of Sale

References: California DRE: real estate glossary

Pronunciation (US): LIS-ting uh-GREE-muhnt (capitals show stress)

Pronunciation reference: Merriam-Webster