Which of the following is NOT a type of listing agreement?

The correct answer is Multiple listing. This choice is not classified as a type of listing agreement in the traditional sense.

Listing agreements are contractual arrangements between a seller and a broker that authorize the broker to represent the seller in the sale of a property. Exclusive listings and open listings are established types of agreements that define the rights and duties of the broker and the seller. An exclusive listing guarantees that a single broker will represent the seller, while an open listing allows the seller to engage multiple brokers without any exclusivity. An exclusive agency listing combines characteristics of both; it gives one broker the right to sell while permitting the owner to find a buyer without paying a commission.

In contrast, a "multiple listing" refers to a system used by real estate brokers to share information about properties for sale, typically to facilitate cooperation between brokers. Rather than being a type of agreement, it serves as a platform that allows for broader visibility of property listings and helps in attracting potential buyers through enhanced marketing. Therefore, while multiple listing systems are critical to the real estate industry, they do not constitute a listing agreement as defined under real estate practices.