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Complete glossary lessonGeorgia-specific rule

Listing agreement

A listing agreement is a written brokerage engagement in which an owner authorizes a broker to market property and perform stated services under defined terms, duration, duties, and compensation provisions.

Official area

Agency

Knowledge cluster

Brokerage engagements

Learning sequence

Define, distinguish, apply, retrieve

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Exam purpose

Recognize the rule, then reject the nearest look-alike.

Georgia lens

Apply the state distinction only when the facts call for it.

Connected terms

Connected to 4 terms and one official content area.

What does Listing agreement mean in real estate?

A listing agreement is a written brokerage engagement in which an owner authorizes a broker to market property and perform stated services under defined terms, duration, duties, and compensation provisions.

How is Listing agreement different from the closest exam answer?

The listing agreement binds seller and broker. The purchase and sale agreement binds seller and buyer.

What is the Georgia-specific rule?

Georgia requires the written engagement to address statutory matters and the broker must give the client a copy. Listing type affects when compensation is earned.

Worked exam example

Scenario

An owner signs an exclusive-right-to-sell engagement authorizing a brokerage to market the home for a stated term.

Decision rule

The listing agreement binds seller and broker. The purchase and sale agreement binds seller and buyer.

What is the most common exam trap?

Trap correction

A listing does not transfer title or obligate a buyer to purchase.

Memory cue: A listing does not transfer title or obligate a buyer to purchase.

Original exam check

Apply the definition

Which statement correctly explains Listing agreement?

Mastery tracker

Do not mark this term complete until you can retrieve it.

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Related terms to learn next

Brokerage engagement

A brokerage engagement is a written contract in which a seller, buyer, landlord, or tenant becomes a client of a Georgia broker and the parties state the brokerage services, duties, terms, and compensation arrangement.

Buyer brokerage agreement

A buyer brokerage agreement is a written brokerage engagement authorizing a broker to represent a buyer in locating, evaluating, negotiating for, or acquiring property under stated terms.

Agency

Agency is a legal relationship in which an agent is authorized to act for a principal and owes duties arising from the relationship, the agreement, and applicable law.

Deed

A deed is a written instrument by which a grantor conveys an interest in real property to a grantee.

Recommended next complete lesson

Continue with Agency complete lesson. It places this term inside the full rule, worked examples, exam traps, and mixed practice required for mastery.
Previous termFiduciary dutyNext term Buyer brokerage agreement

Listing agreement quick answers

Facts checked against the current PSI Candidate Information Bulletin and GREC sources. Editorial standards.

What is Listing agreement?

A listing agreement is a written brokerage engagement in which an owner authorizes a broker to market property and perform stated services under defined terms, duration, duties, and compensation provisions.

What is Listing agreement commonly confused with?

The listing agreement binds seller and broker. The purchase and sale agreement binds seller and buyer.

How does Georgia treat Listing agreement?

Georgia requires the written engagement to address statutory matters and the broker must give the client a copy. Listing type affects when compensation is earned.