Can a property be listed with multiple realtors?

Answer 1

You don't need to. When you list it with one realtor, it goes into the MLS computers accessable by all realtors.

Answer 2

there is absolutely no need for your property to be listed with multiple realtors, since your realtor will place it into the MLS database, so that all realtors can access it. however, it may/may not depend on teh type of listing agreement you sign. talk to your realtor in detail regarding the listing agreement you are signing...whether or not it's an open listing, exclusive agency, etc.

co-listings within an agency happen on occasion. say you have two realtors that you know or have worked with before and you want to make sure that they both recieve a share of the commission, you'd co-list it with the agents.

Answer 3

Yes, like another answerer mentioned, you can put together a non-exclusive listing contract. These are rarely used because:

1) The listing brokers have no motivation to do anything for you, because they are at risk of making no money when the property sells
2) Most MLS databases allow exclusive listing agreements only
3) Listed property that is not distributed electronically is effectively as good as a For Sale by Owner

However, I've considered one property that I pass at least once a week. It is a group of office condos that a developer just constructed in a highly-visible area. He's allowed 5 or 6 non-exclusive listing agreements on the property, riddling his lawn with signs from commercial brokers. I think his motivation was this:

1) In commercial real estate, the game's more about the internal networks of the major national firms than it is any MLS, so the developer isn't losing anything there.
2) The developer is a sophisticated negotiator, so he doesn't need a listing agent to fill that role for him
3) He gets a discounted listing arrangement, moving not just this property, but his other properties cheaper

As for the commercial agents, it just gets them exposure with no hassle of trying to get people to buy a property. The rule of thumb is 10 signs in a geographic area will keep the phone ringing enough to make an average salary for an agent.

In residential real estate, many of these advantages go away.

Warm regards

Answer 4

No. you can sign with only one Realtor. His/her job is to place it into multiple listings. You, the owner deal with him/her and any other Realtors come to you through the Realtor with the signed contract.

Answer 5

If your Agent is a Realtor, it is automatically listed with all Realtors. See your favorite Realtor.

Answer 6

Yes, as long as you do not sign an exclusive listing with any one realtor and notify all realtors as to your intentions.