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Real estate glossaryGeorgia-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.

Exam area: Agency

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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 wrong 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.

What is the most common exam trap?

Trap correction

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

Original exam check

Apply the definition

A homeowner signs an exclusive-right-to-sell listing with a brokerage. Which parties does that listing agreement bind?

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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.
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