contract in real estate giving only one broker, for a specific time, the right to sell a property and also allowing the owner to sell the property without paying a commission.

in real estate, listing given to any number of brokers without liability to compensate any except the one who first secures a buyer who is ready, willing, and able to meet the terms of the listing or secures the seller's acceptance of another offer. The sale of the property automatically terminates all open listings.

association of real estate brokers who agree to share listings with one another. The listing broker and the selling broker share the commission. The MLS usually distributes a book with all listings to its members, updating it frequently. Prospective buyers benefit from the ability to select from among many homes from any member broker.