Exclusive Listing

Filed Under » ,
Dictionary Says

Definition of 'Exclusive Listing'

A real estate sale transaction in which a specified real estate agent stands to gain a commission if a property sells within a specified number of months, no matter how a buyer is found. The purpose of an exclusive listing is to motivate the agent to sell the property quickly and at the highest price possible. However, if a homeowner signed an exclusive listing agreement with an agent and also placed an ad for the property, and if the buyer found out about the property from the ad, the real estate agent would still earn a commission unless the seller has also established exclusive agency (the right of the seller to sell the property himself and avoid paying a commission despite the exclusive listing agreement).
Investopedia Says

Investopedia explains 'Exclusive Listing'

The exclusive listing agreement may also provide for a protection period to prevent the seller from abusing the agreement to avoid paying a commission and to reward the agent for doing his job. The protection period would allow the agent to still receive full commission after the expiration of the agreement if a potential buyer the agent brought to the house during the listing period came back later and decided to complete the purchase.

Articles Of Interest

  1.

    Closing A Real Estate Deal In A Down Market

    We provide top tips on how to help sell your home in a rough market.

  2. 10 Tips For Getting A Fair Price On A Home

    Don't let buying a home bust your budget. Make sure the house you choose is worth the price you pay.

  3. How To Stage Your Home For A Quick Sale

    Learn how to make your house appealing to the largest number of buyers and increase your chances at a fast sale.

  4. Do-It-Yourself Projects To Boost Home Value

    These simple projects can add value to your property without taking too much out of your wallet.

  5. Understanding The Case-Shiller Housing Index

    This index is a widely-used and respected barometer of the U.S. housing market and the broader economy.

  6. 6 Tips For Selling Your Home Fast

    Find out what you can do to stand out from the competition and make your home an easy sell.

  7. Tips For Working As A Real Estate Agent

    Here are a few ideas that will help you advance your career as a successful real estate agent.

  8. How do you flip a home?

    Flipping (also called wholesale real estate investing) is a type of real estate investment strategy in which an investor purchases a property with the intention of selling it quickly and for ...

  9. Will Your Home Sale Leave You With Tax Shock?

    Learn how the newest tax laws apply to the proceeds you earn.

  10. 6 Ways To Make Your Home More Enticing To Buyers

    The real estate market is on the recovery, and there are ways you can ensure your home sells faster and for the price you want.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=bc4adb3139aa99983de17cdf66ab2c96