Kovats Real Estate School Practice Test 2025 – 400 Free Practice Questions to Pass the Exam

The definition of "listing price" refers to the price at which a property is listed for sale by the seller. This is the amount that the seller aims to receive for the property and serves as the starting point in the negotiations between the buyer and the seller. The listing price plays a crucial role in the real estate market as it influences buyer interest, the speed of the sale, and potential offers made on the property.

In contrast, the price at which a property changes hands is known as the sale price, which may differ from the listing price after negotiations. The initial price proposed by a buyer represents their offer and does not define the listing price. The expected future value of a property entails speculation on appreciation, which is unrelated to the current pricing strategy for sale. Therefore, the most accurate definition of "listing price" pertains specifically to the price set by the seller for potential buyers.