1. A likeness of a person, especially one showing the face, that is created by a painter or photographer, for example. 2. A verbal representation or description, especially of a person. 3. A dramatic representation of a character: the actor's portrait of the famous general. 4.
The last major differences between retail and wholesale is the use of realtors. Realtors serve a very useful purpose in retail as they are experts in their field and help buyers who have no idea how real estate works, how to negotiate contracts or what is needed to protect themselves from bad deals on the market.
Again, as with a open listing, no sales commission is owed if the home seller finds a buyer on his own. Due to the lack of control over the outcome, most real estate agents are reluctant to work on an exclusive agency listing. 3. EXCLUSIVE RIGHT TO SELL LISTING. Probably 99 percent of real estate listings are this type, where the listing agent has 100 percent control of the transaction. Whether the seller, the listing agent or a cooperating selling agent finds an acceptable buyer, the listing agent will earn the sales commission.