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Exclusive Listing

This is what most people refer to in Real Estate as a Listing Agreement. When a person chooses one specific Brokerage (or agent within a brokerage) to represent them in selling their property, they sign a Listing Agreement. Within the specifics of the contract, the responsibilities are defined for the Agent to market the property, to advertise, and to hold showings and Open Houses as well as negotiate on behalf of the seller with any potential buyers’ agents. Once the property has sold and the Seller receives the money, a commission is paid to the Brokerage for their services.