Listing

A listing in real estate is a contractual agreement between a property owner and a real estate agent or brokerage to market and sell the property. The listing outlines the terms of the sale, including the asking price, duration of the listing, commission rate, and other conditions. There are various types of listings, such as exclusive right-to-sell, exclusive agency, and open listings, each offering different levels of representation and commitment. The real estate agent or brokerage is responsible for promoting the property through various channels, such as multiple listing services (MLS), advertisements, and open houses, to attract potential buyers and facilitate the sale.