Listing agreement
The contract between a seller and a brokerage to sell a home. It sets the price, the commission, how long it lasts and what the agent will do.
Also called: listing contract, listing paperwork
Related terms
The most common listing agreement. The listing brokerage earns the commission no matter who finds the buyer, even the seller.
The agent who represents the seller. They price the home, market it, handle showings and negotiate offers.
What agents are paid when a deal closes, usually a percent of the sale price. It's always negotiable. It goes to the brokerage, which pays the agent their share.
A listing that came off the market because the listing agreement ran out before the home sold. The seller can relist with the same agent, a new agent, or not at all.
A listing the seller took off the market before it sold, while the listing agreement may still be in effect. Sellers do this to pause, make repairs, or rethink price.