STRIP DEVELOPMENT OR STRIP SHOPPING CENTER a form of commercial land use in which each establishment is afforded direct access to a major thoroughfare; generally associated with intensive use of signs to attract passers-by. Generally without an ANCHOR TENANT. Example: Map of strip development (Figure 183).
SUBAGENCY the relationship under which a sales agent tries to sell a property listed with another agent. This situation is common under a MULTIPLE LISTING SERVICE (MLS). A listing contract is taken by a listing broker and entered into the MLS, from which any member broker may sell the property. The listing broker and the selling broker split the commission. Example: A broker attempting to sell properties in the multiple listing service inventory does so under a subagency agreement stipulating the right of each agent to a portion of the commission.