Legal Definitions - listing

Definition: A listing is an agreement between a property owner and a real estate agent. The agent agrees to find a buyer or tenant for the property at a specific price and terms in exchange for a fee or commission.

Example: John wants to sell his house, so he signs a listing agreement with a real estate agent. The agent will try to find a buyer for John's house at the price and terms they agreed upon. If the agent is successful, they will receive a commission for their services.

Another example: Sarah wants to rent out her apartment, so she contacts a property management company and signs a listing agreement. The company will try to find a tenant for Sarah's apartment at the rent and terms they agreed upon. If the company is successful, they will receive a fee for their services.

These examples illustrate how a listing agreement works in real estate. The property owner and the agent agree on the price and terms for the property, and the agent works to find a buyer or tenant. If the agent is successful, they receive a fee or commission for their services.