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 real estate listing type, where the property seller empowers and authorizes a real estate agent/broker to function as the sole or exclusive agent of the property seller. However, the seller will have legal rights to sell the property as per his/her discretion, and does not have any specific obligations to the exclusive agent or agency partner. Exclusive listings usually get smaller offer volumes in some cases. However, they give sellers an opportunity to have higher privacy while testing out projects and pricing structures gradually in the market.
These agreements are quite common in the real estate sector. There are several real estate developers, property sellers, and even real estate firms that enter into such agreements with exclusive agents for a particular project in a particular area. There could be multiple such exclusive property agents for real estate firms across various projects and localities.
