If my home is listed and I sell it on my own, what do I owe the realtor if anything?

Answer 1

It depends on the listing agreement you signed with the broker. If you signed an exclusive-right-to-sell that means that the broker will get a commission even if you sell your own home while the listing contract is in place. If you signed an exclusive-agency agreement (or some other name depending on where you live) you may have the right to sell your own home without owing a commission. You would need to check the wording in your listing contract.

Answer 2

That depends on the type of listing you signed.

Open Listing
An open listing lets an owner sell her home by herself. It is a non-exclusive agreement, meaning the owner may execute open listings with more than one real estate broker and pay only the broker who brings an able buyer whose offer the owner accepts. The big difference is an owner will probably pay only a selling broker's commission, which is about one-half of typical fees. The reason is because the owner is unrepresented. Therefore, owners do not pay a broker to represent the owner, but do pay the broker to represent the buyer. However, if the owner finds the buyer herself, the owner will not owe anybody a commission. Open listings are not popular with many full-service real estate brokers.

Exclusive Agency Listing
An exclusive agency listing is similar to an open listing except the major difference is the broker will represent the owner. The owner still reserves the right to sell the property herself and not pay a commission. The broker is free to cooperate with another brokerage, meaning the second brokerage could bring an able buyer whose offer the owner accepts. Typically, the broker is paid a listing commission that is shared with the selling broker, so the owner pays both fees.


Exclusive Right-to-Sell Listing
An exclusive right-to-sell listing is the most commonly utilized instrument. It gives the broker the exclusive right to earn a commission by representing the owner and bringing a buyer, either through another brokerage or directly. The owner pays both the listing and selling broker fees. The owner cannot sell the property herself without paying a commission, unless an exception is noted in the contract.

Exception to the contract: Say, your next-door neighbor has expressed an interest in buying your house. Often a listing broker will give the seller X number of days to produce a contract with the neighbor without owing a commission.

Answer 3

It depends on the type of listing agreement you sign.

If you sign an exclusive agreement, you owe the realtor their commission, even if you found the buyer.

If you sign an open agreement, whoever finds the buyer, be it you, the agent, or another agent, gets the commission.

ALWAYS know what you're signing when you sign a contract!

Answer 4

Check the time frame that its listed for. Maybe its gonna expire soon, and just dont resign. I wouldn't worry too much about it now, unless you have someone interested now. If so, ask the realtor if they'll just let you out. They are mostly good people that are pretty cool about that stuff. But dont ask anyone anything, unless you feel strongly that you have a good buyer. Nos sense in ruffleing any feathers if theres nothing there

Answer 5

The previous answer is correct.

Take a look also at the term (length of time) of your listing agreement. There will be a time that the agreement expires, after which no commission may be due.

Take a look also at the terms (provisions) of your listing agreement, Different provisions may apply if your buyer was introduced to your property DURING the term of the listing.

Answer 6

The amount the realtor is due is in the listing agreement the seller signs.

Answer 7

Depends on your contract. I would say you are liable for the full commission unless otherwise stated. Sorry.