Chapter 10: Listing Agreements. Key Terms Flashcards Preview

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Flashcards in Chapter 10: Listing Agreements. Key Terms Deck (6)
1

Comparative market analysis: CMA

Price comparison for sellers use when listing their property.

2

Multiple listing service: the MLS

Organization of brokers who work to sell each others listings.

4

Exclusive agency listing

A listing that promises but the broker will be paid unless owners sell on their own.

5

Net listing: (illegal in NJ)

Illegal listing: broker keeps everything above a certain figure.

6

Open listing: (worst kind)

A listing given to any number of brokers: only selling broker is paid.

7

Exclusive right to sell listing (Best kind)

A listing that states broker will be paid no matter who sells the listing.

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