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pocket listing
(redirected from Exclusive listing)

   Also found in: Wikipedia 0.01 sec.
pocket listing

A private agreement between a property owner and a broker,in which the owner agrees to pay a commission if the broker produces a buyer, but there is no listing agreement, no obligation to market the property,and no signage or advertising.



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Greg Babaian, vice president of Investments in New Jersey, had the exclusive listing to market the property on behalf of the seller, a Limited Liability Company.
The armor-plated contracts that govern exclusive listings threaten sellers with punitive fees or lawsuits if they try to pick up and follow a relocating broker.
Step 2: Sign an Exclusive Listing Agreement Once you have decided on your Agent it is standard for them to ask you to sign an exclusive listing with them.
 
 
 
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