Flashcards in Chapter 10: Listing Agreements. Key Terms Deck (6)
Comparative market analysis: CMA
Price comparison for sellers use when listing their property.
Multiple listing service: the MLS
Organization of brokers who work to sell each others listings.
Exclusive agency listing
A listing that promises but the broker will be paid unless owners sell on their own.
Net listing: (illegal in NJ)
Illegal listing: broker keeps everything above a certain figure.
Open listing: (worst kind)
A listing given to any number of brokers: only selling broker is paid.