The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
There are four common types of listings: open listings, exclusive right-to-sell listings, exclusive agency listings, and net listings.
The most predominant listing agreement in California is the Exclusive Right to Sell Agreement.
An exclusive right-to-sell listing is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.
To avoid such predatory practices, California enacted Civil Code 1670.12 and Government Code 27280.6, which took effect January 1, 2024, prohibiting an exclusive listing agreement to last longer than 24 months or to renew such a listing for longer than 12 months.
A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.