Unit 10: Listing Agreements Flashcards
1
Q
Comparative Market Analysis (CMA)
A
price comparison for seller’s use when listing
2
Q
exclusive agency listing
A
listing that promises broker will be paid unless owners sell on their own
3
Q
exclusive right-to-sell listing
A
listing that states broker will be paid no matter who sells
4
Q
multiple service listing (MLS)
A
group of brokers who work to sell each other’s listings; sellers can choose not to allow their property in MLS
5
Q
net listing
A
ILLEGAL!!; broker keeps all the money over the price set by seller at the conclusion of a sale
6
Q
open listing
A
listing given to any number of brokers; only selling broker is paid
