What is a "listing price" in real estate?

A listing price in real estate refers to the price at which a property is offered for sale, as determined by the seller in consultation with their real estate agent. This figure is crucial as it establishes the initial asking price that potential buyers will see and consider when evaluating the property. The seller's goal in setting this price is usually to attract interest while also maximizing their return on the sale.

In the context of the other options, the buyer does not solely determine the price; instead, it is a collaborative decision made with the agent. The price at which a property is ultimately sold can vary from the listing price based on offers received and negotiations; thus, that option does not accurately define a listing price. Finally, excluding repair costs is not relevant to the definition of a listing price, as it encapsulates the entire price set for the property without considerations of additional expenses or conditions.