Whose property are listings considered to be?

Listings are considered to be the property of the broker. This is due to the nature of the agency relationship established in real estate transactions. When a salesperson obtains a listing, they typically do so under the auspices of their broker, who holds the legal rights to the listing. The broker is responsible for marketing the property and handling the transaction, which further solidifies their ownership of the listing.

While the salesperson may actively work with the client and engage in the sale process, the listings are legally tied to the broker, as the broker is the one who ultimately contracts with the client to represent them in the sale of their property. The agency relationship and applicable real estate laws firmly establish that the broker has the authority and responsibility tied to the listings any salesperson within the brokerage may obtain.

Thus, this framework supports the understanding that while agents and salespeople work directly with clients, the listings themselves belong to the broker, aligning with how the real estate industry operates.