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.
The exclusive right to sell listing means the contractual agreement, based on which the listing broker function as the non-agency representative of the seller which has legal recognition or the agent, and the seller agrees for paying the commission to the listing broker, irrespective of whether there has been a sale of the property through his/her initiatives or not. The contractual agreement has the listing broker functioning as the agent or the non-agency representative of the seller (with legal recognition) and the seller agrees upon paying the commission to the listing broker in similar fashion.
This exclusive right to sell listing is quite commonly used for several real estate transactions. This often happens in a bid to quickly accelerate the sale of real estate assets of properties by developers or property owners.
