In real estate brokerage, a multiple listing is a property listing, typically an exclusive right to sell agreement, that is submitted to all members of a real estate association or multiple listing service. This arrangement allows each participating broker or salesperson the opportunity to market and sell the property.
By placing a property in a multiple listing system, the seller benefits from broader exposure and cooperative marketing among agents. The listing broker represents the seller, while other members who procure a buyer generally share in the commission according to the rules of the association.
