California Real Estate Practice 4th Edition, by Walt Huber and Arlette Lyons
Matching Vocabulary - Chapter 3
© 2005 Educational Textbook Company

a. safety clause
b. office exclusive
c. curb appeal
d. ready, willing, and able
e. open listing
f.  exclusive agency listing
g. exclusive right to sell listing
h. comparables
i.  cooperating broker
j. listing
 

1. ___ a contract by which a principal employs an agent/broker to do certain thing, usually selling his or her property.
2. ___ broker must produce this type of buyer before he or she is entitled to a commission.
3. ___ a written contract authorizing one or more brokers (and their salespeople) to act as agent in the sale of the principal’s property; the least desirable form of listing.
4. ___ a written contract (listing) for a specified period of time, where only a particular broker has the right to represent the owner; but the owner retains the right to sell the property without payment of a commission.
5. ___ a non-listing broker with whom the listing broker must share a commission if he or she sells the property.
6. ___  a written contract (listing) where the broker collects a commission if the property is sold by anyone, including the owner, during the term of the agreement; the most desirable form of listing for a broker.
7. ___ a negotiated period of time after the termination of the listing period whereby a broker (usually with an exclusive right to sell listing) may still be entitled to a commission if he or she showed the property to the buyer during the listing period; requires the broker to give the seller a list of prospects within a specified time (usually 3 days) after listing termination.
8. ___ a listing where the owner declines placement with a multiple listing service; allowing only the listing agent, and members of his or her firm, to show and submit offers on a property.
9. ___  how a house appears to a passerby, compared to the rest of the neighborhood.
10. ___ properties that have closed escrow recently and are similar to the subject property in size and amenities; located within one mile of subject property.