There are several different types of listing contracts. Few of them are detailed below:
Open Listing
This type of listing is when you, the seller, don't want to commit to any one particular agent and when you are also open to selling the home by yourself. This type of listing with an agent gives him the right to bring buyers around to view your home and should the deal go through, the agent earns a commission. This is a non-exclusive type of listing and the disadvantage of such a listing is that the agent is not going to spend too much on marketing your home or putting it in the Multiple Listing Service. The advantage of this type is that, should you find a buyer yourself, you would save on the commissions that would otherwise go to the agent.
One-Time Show
A "one-time show" is similar to an open listing and is most often used by real estate agents who are showing a FSBO (for sale by owner) to one of their clients. The home owner signs the agreement, which identifies the potential buyer and guarantees the agent a commission should that buyer purchase the home.
Exclusive Agency Listing
This type of listing would have you sign on with only one agency / agent and would ensure they get the commission if another agent brought a buyer for this place. However, if you get a buyer on your own, the agent is not entitled to any commission. This is not a popular type of listing agreement. Some unethical buyers or sellers will try to cut out the agent, even though it was an agent that brought the buyer to the home.
Exclusive Right to Sell
This type of listing involves entrusting your agent with the exclusive rights to sell your home. Regardless of who sells the home, even if you sell it yourself to a friend at work, your listing agent will earn a commission. Such listings usually give an agent to spend on marketing your house and also listing it on the MLS.
Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Real Estate Portal for Home Buying, Home Selling and Home Renting. The website is a useful resource of Home Listings, Articles and Information related to real estate.
According to the National Association of Realtors, For Sale By... Read More
The Florida housing market has attracted many foreigners to invest... Read More
Much is being said lately about investments. There are many... Read More
What is a 'Home Warranty?'A home warranty is like an... Read More
I have a confession to make!I was just outside with... Read More
Advice to Help When You're Buying a HomeFirst time home... Read More
In this country millions of homes are sold every year.... Read More
If you're a real estate investor, here are several questions... Read More
Avoid 12 Common Mistakes Made by Novice Investors and Ensure... Read More
In addition to zoning, some properties have covenants recorded at... Read More
As you are making your cold calls on property, you... Read More
Thinking of trading up on an investment resort property? If... Read More
Where to from here:One property is great, but It wont... Read More
Virtually any state in the country has the appeal of... Read More
In today's real estate market, astute buyers are also looking... Read More
The prospect of shopping for a new construction residence can... Read More
The home selling and buying process can be confusing, particularly... Read More
When property investing, pay the seller their asking price but... Read More
Real estate agents, Canadian citizens and foreign investors interested in... Read More
By learning what you need to know and preparing how... Read More
Many of us dream about owning the vacation home in... Read More
Maybe you're moving to a larger home to accommodate a... Read More
In an earlier article, we presented various options for ensuring... Read More
In the world of real estate, there is a huge... Read More
Investing in commercial property is well beyond the financial means... Read More
While most investors have got involved in property investing because... Read More
Even if your real estate contract has been written on... Read More
Every Realtor KNOWS that a home should be shown in... Read More
You have made the decision to move to Spain and... Read More
Real Estate email marketingDo you remember the old School girl/boy... Read More
There are many frequently asked questions and any local real... Read More
Doing deals with sellers is why you went into lease... Read More
Getting your real estate website more traffic is easy if... Read More
Property Investing Secrets:What No One Ever Tells You-How Real Estate... Read More
Avoid 12 Common Mistakes Made by Novice Investors and Ensure... Read More
Anyone interested in real estate should be able to talk... Read More
Selling your home on your own, without a Realtor, is... Read More
Here's the gripping story...You are the landlord of a small... Read More
Buying foreclosures can be extremely profitable for real estate investors.... Read More
Today's real estate consumer has a lot to consider during... Read More
Where should you invest in real estate? If you know... Read More
Miami tourism is growing and so is the Miami property... Read More
By this point and time, many people have heard about... Read More
This article will show you how to sell your home... Read More
There has been speculation in the media recently about the... Read More
A new report by the independent Demos group has revealed... Read More
We've all made bad decisions in the past. Don't you... Read More
When is the best time to buy? When is the... Read More
An irate tenant or disgruntled home-buyer, with the help of... Read More
Anyone who has ever profited from doing a short sale... Read More
Having your house appraised can be a scary step in... Read More
As you continue to read about real estate investing, you... Read More
Analyzing and finding the right property deals:Firstly read my other... Read More
Investing in commercial property is well beyond the financial means... Read More
Home sellers who are prepared to help buyers find financing... Read More
With interest rates at record lows over the past year,... Read More
This home selection checklist is a tool to help you... Read More
If you've decided to list your home, you'll be paying... Read More
Waterfront living is among the most desirable of locations in... Read More
Even though its importance is often overlooked, a great sales... Read More
Selling property privately has many advantages over using an estate... Read More
Flipping through late-night infomercials recently, I saw two real estate... Read More
Equity lender, hard money lender, private investor or what ever... Read More
Some call it the 30 second commute. We call it... Read More
Second homes in favourite holiday destinations such as Spain are... Read More
If you already own your home, you will probably make... Read More
Real Estate |