Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
An exclusive listing is a specific agreement for a real estate listing, where a seller of property appoints and empowers any specific real estate agent/broker for functioning as the sole agent of a seller. However, the seller will have the legal right for the employment of multiple brokers in the form of agents. The seller will have no broker obligation while exclusive listings help in giving more privacy to property sellers, along with greater control over evaluating the property prices in the market.
Exclusive listings or exclusive agency listings already have agreements where listing brokers get the exclusive legal right for representing a seller in the form of a selling agent. If the home is sold by the broker, the owner will be paying a listing commission as well. The listing agent may collaborate with another real estate brokerage or agent of the buyer for bringing in buyers. Sellers in this case would pay the selling and listing commissions alike.
