What term describes a listing arrangement where an owner allows a broker to show property to prospective buyers without a written listing, and the property is sold?

• A. Open listing
• B. Implied listing
• C. Express listing
• D. Net listing

Answer: (B)

An implied listing happens when the seller’s conduct and the broker’s actions create an agency relationship even though there’s no written contract. Here, the owner allows the broker to show the property and a sale occurs, which shows the broker was authorized to market the property and is entitled to a commission by implication. That means the listing exists by behavior rather than by a written agreement. This differs from an express listing, which is created by a written contract, and from other types like net listings (which set a price floor for the seller) or open listings (non-exclusive arrangements that are typically separate from a formal written list). The key idea is that permission to market and the eventual sale establish the listing through conduct, not a signed document.