This is an agreement, usually written, between a property owner and a real estate broker where it is stated that the owner pledges to pay a commission or fee to the broker if a certain real estate property is leased during the specified period.
Exclusive agency listing
This is an agreement, usually written, between a property owner and a real estate broker where it is stated that the owner pledges to pay a commission or fee to the broker if a certain real estate property is leased during the specified period.