Comparative Marketing Analysis (CMA)

A study intended to assist an owner in establishing a listing price for a property.

Exclusive-Agency Listing

A listing contract under which the owners appoint a real estate broker as their exclusive agent for a designated period of time to sell the property, on their stated terms, for a commission. The owners reserve the right to sell on their won without paying anyone a commission.

Exclusive-Right-To-Sell Listing

A listing contract under which the owner appoints a real estate broker as his or her exclusive agent for a designated period of time, to sell the property on the owners stated terms, and agrees to pay the broker a commission when the property is sold whether by the broker, the owner, or another broker.

Multiple Listing Service (MLS)

An organization in which brokers share listings with each other.

Net Listing
(Illegal in New Jersey) 

a listing based on the net price the seller will receive if the property is sold. Under a net listing the broker is free to offer the property for sale at the highest price he or she can get to increase the commission.

Open Listing

A listing contract under which the broker's commission is contingent upon the brokers producing a ready, willing, and able buyer before  the property is sold by the owner or another broker.