What is the difference between "listing" and "selling" a property?

The distinction between "listing" and "selling" a property is fundamental to understanding real estate transactions. Listing refers to the process of formally marketing a property for sale, which typically includes entering the property into a Multiple Listing Service (MLS), setting a price, and creating promotional materials. Essentially, it focuses on making the property known to potential buyers and real estate agents.

On the other hand, selling a property encompasses the actual transaction where a buyer and seller agree on the terms, negotiate the sale, and complete the necessary paperwork to transfer ownership. This includes all the steps leading to the closing of the deal, where the property officially changes hands.

The choice that highlights this difference accurately reflects the roles of listing and selling. While listing is about promoting the property, selling involves executing the transaction, thereby encompassing distinct phases in the real estate process. Understanding this separation is crucial for anyone studying real estate principles, as it clarifies the responsibilities of real estate agents and the stages of property sales.