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legal Definition of listing 1: an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usually for a specific period â called also listing agreement â
The Purchase Agreement or Contract of Sale is an offer by the buyer to purchase the home for a certain price which the seller accepts. The buyer and seller may negotiate on the price, and once a final price is decided on then the Purchase Agreement is signed and the earnest money is put down as a deposit.