listing

Listing

In the context of real estate, written agreement between a property owner and a real estate broker that gives the broker permission to find a buyer or tenant for some property. See: Listing broker.

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Listing

Stock in a publicly-traded company that is traded on a particular stock exchange. For example, companies that trade on the NYSE are said to be listings for that exchange. Listings must conform to each exchange's listing requirements, which usually mandate having a certain market capitalization, number of shareholders, and/or revenue. Listing requirements exist to enforce stability on an exchange as much as possible. A listed firm may be delisted if it falls below the listing requirements for too long. However, some listings may be temporarily exempt from listing requirements if they show some sign of a potential recovery. It is important to distinguish listed firms from member firms, which are companies that conduct trades on an exchange. See also: C.

2. An agreement between a real estate broker and a client in which the client agrees to allow the broker to attempt to sell the client's property in exchange for a commission. This is called a listing because all of the broker's properties for sale are compiled in a list or brochure for potential buyers.

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listing

A written agency agreement between a property owner and a licensed real estate broker, authorizing the broker to market the property,solicit offers for its purchase or lease,and engage in negotiations pursuant to the owner's instructions.It imposes fiduciary responsibilities on the broker, who owes duties of care,loyalty,and confidence to the property owner.

Important concepts include

• Most state licensing laws require listing agreements to be in writing.

• The most common type of listing agreement is an exclusive right to sell, under which the broker receives a commission even if the owner sells the property to a relative.

• Some brokers offer exclusive right to list contracts, giving the owner the right to sell to anyone without paying a commission, but no other real estate broker may earn a commission directly from the owner, only as a cooperating broker paid by the listing broker.

• Most states require a definite termination date in the listing agreement, which may be renewed by mutual agreement of the parties.

• Most states prohibit net listings, in which the owner agrees to pay the broker all sums received over a certain minimum amount wanted by the owner.

• Some listing agreements have a clause entitling the broker to the agreed-upon compensa- tion if the property sells within a certain time period—usually 6 months—after listing expiration, but to someone introduced to the property by the broker during the listing period.