When the agreement's purpose has been fulfilled, the listing has been terminated by the completion of the contract.
A listing agreement is a contractual agreement between a property owner and a real estate broker. It enables the broker to act as a listing agent and find a buyer on the seller's terms for the property. A listing agreement essentially gives your real estate agent permission to find a buyer for your home.
An agency agreement specifies the terms of the agency, such as what the agent is allowed to do and how much money is paid for the agent's services. The contract also grants the agent the authority granted by the principal, such as the exclusive right to act on her behalf.
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