implied listing

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implied listing

A listing agreement for the sale of property that arises out of the conduct of the parties,rather than any express written or oral contract between them.If there were an implied listing,then the listing broker would be entitled to the normal and customary commission available in the marketplace. As a practical matter, most states require listing agreements to be in writing to be enforceable and many states subject brokers to disciplinary action for entering into unwritten listing agreements.

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