In real estate, what does "listing" mean?

In real estate, "listing" specifically refers to the process by which a property owner engages a real estate agent to market and sell their property. This entails creating a formal agreement in which the agent is authorized to represent the owner and promotes the property to potential buyers.

The listing establishes the relationship between the property owner and the real estate agent, detailing the terms under which the agent will operate, including the commission fee and the duration of the agreement. This process is foundational to real estate transactions, as it allows agents to utilize their resources and expertise to attract buyers, ultimately facilitating the sale of the property.

The other choices do not accurately capture the concept of "listing" in real estate. The price at which a property is offered is a consideration of the listing but does not define the act of listing itself. An agreement for renting a property pertains to leases and is distinct from sales listings. Valuation for tax purposes relates to assessments and appraisals, which are separate from the process of listing a property for sale.