(1) A contract between a landowner (as principal) and a licensed real estate broker (as agent) by which the broker is employed as agent to list and sell real estate on the owner’s terms within a given time, for which service the landowner agrees to pay a commission.

(2) You’ve made the transition to a sellers’ agent — congrats! Now, it’s on you to find the best real estate leads to nurture into new clients. You want to get home sellers to select your agency to represent their property sale over all other sales reps in your market — in other words, you want to get them to enter into a listing agreement with your firm: a period during which you have a finite amount of time (usually 90 days) to sell their residences.

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