Which of the following is NOT a strict legal term for a type of employment contract or listing?

In real estate, the different types of listing agreements each have specific characteristics and legal implications that define the relationship between the property owner and the broker.

A "multiple listing" refers to a system where various real estate brokers cooperate to share listings with one another. While a multiple listing is an important aspect of the real estate market, it is not legally classified as a type of employment contract between a property owner and a broker. Instead, it relies on other agreements, such as exclusive right-to-sell listings, open listings, or exclusive agency listings, to establish those legal relationships.

On the other hand, exclusive right-to-sell listings, open listings, and exclusive agency listings are all recognized legal agreements that define specific rights and responsibilities between sellers and brokers. Each of these contracts determines how commissions are paid and who is authorized to sell the property, which is crucial for establishing the legal framework of the real estate transaction.

Understanding the distinctions between these terms clarifies that "multiple listing" does not carry the same legal weight as the other options, as it is part of a cooperative selling framework rather than an employment contract with specific legal terms.