An exclusive agency listing is a contract in real estate giving only one broker, for a specific time, the right to sell a property. It also allows the owner to sell the property independently without paying a commission.
An exclusive right to sell listing is a contract granting a broker the right to collect a commission if a property is sold by anyone, including the owner, during the term of the agreement.
An insurable title is a type of title to real estate that a title insurance company deems acceptable for insurance, ensuring the buyer is protected against potential defects or issues with the property title.
An oral contract refers to an agreement between parties that is either not written down or not signed by the parties involved.
