In relation to property transactions, what does the term "listing" typically refer to?

The term "listing" in property transactions primarily refers to the act of marketing a property for sale. This process involves a real estate agent or broker representing the seller, officially entering the property into multiple listing services (MLS) and promoting it to potential buyers. The listing includes important details about the property, such as its features, location, and asking price, aimed at attracting interest and facilitating a sale.

This option captures the essence of what a listing does within the real estate market, as it serves as a crucial step in connecting sellers with buyers. By highlighting properties publicly through listings, real estate professionals can effectively communicate the availability of the property and stimulate viewings and offers.

The other choices focus on different aspects of real estate transactions, such as property inspections, the negotiation process, and final sale agreements, but they do not specifically pertain to the act of marketing a property, which is what a listing fundamentally represents.