2006-11-06 00:17:58 · 8 answers · asked by Leeanne T 1 in Business & Finance ➔ Renting & Real Estate
Listing contract.
2006-11-06 01:08:49 · answer #1 · answered by Badkitty 7 · 0⤊ 0⤋
Sam is correct.
The contract will specify what the Listing Agent is to do in order to be entitled to the commission. It probably says they will "market" the house. You are entitled to know and see in writing what that means; putting it on the Multi List Service and putting a sign in your yard is not enough to justify the Exclusive Agency mentioned above, you should require them to affirmatively inform all other brokerages and agree to feature it in the local home sale magazine and on the company website for at least x days if they have a website. It will have an expiration date, 90 days to a year. Think about that one. They want longer, you want shorter. The price is very important. If they find you a Buyer at the contract price, they are entitled to the commission unless it turns out the Buyer cannot close; if you refuse to sell, they can still enforce the commission.
2006-11-06 00:50:20 · answer #2 · answered by open4one 7 · 0⤊ 1⤋
Listing Agreement
2006-11-06 01:07:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It is a listing agreement. There are several types but most agents are going to insist on an exclusive agreement which entitles them to a commission even after the agreement expired. However all of terms and conditions are negotiable.
2006-11-06 00:26:05 · answer #4 · answered by Sam B 4 · 2⤊ 0⤋
An exclusive right to sell contract.
2006-11-06 00:26:03 · answer #5 · answered by strtat2 5 · 0⤊ 0⤋
In the US it is generally called a "listing agreement."
2006-11-06 01:04:32 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Power of attorney. Specifically, limited power of attorney for that particular matter.
2006-11-06 00:18:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
exclusive right to sell
2006-11-07 20:55:55 · answer #8 · answered by Anonymous · 0⤊ 0⤋