Understanding Listing Agreements: Essential Guide for Agents

LISTING AGREEMENTS SABRINA GOODRIDGE OL 301 2-3 ASSIGNMENT JANUARY 17, 2024

MULTIPLE LISTING SERVICES (MLS) • Includes a call to action • Highlights a unique features • Uses professional listing photos • Tells a story astogner. (2022, January 28). 4 Real Estate Listing Description Examples That Increase Sales . Homesnap. https://blog.homesnap.com/real-estate-listing-description-examples-increase-sales/ Galaty, F. W., Allaway, W. J., Kyle, R. C., Williams, w. R., JD, Contributing. (2022). Modern Real Estate Practice, 21st Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781078818896

EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT • Legal agreement between the seller and agent/broker • Seller agrees to pay commission to broker/agent • List selling price at closing • The agreement last anywhere from 3-12 months • Requires seller to disclose any issues with the property Exclusive Right-to-Sell Listing Agreement . (n.d.). EForms. Retrieved January 17, 2024, from https://eforms.com/listing-agreements/exclusive-right-to-sell/

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THE BUYER AGENCY AGREEMENT • Contract between the broker/agent and home buyer • Authorizes the broker/agent to represent the home buyer in the buying process. • Introduces the buyer to potential lenders • Help in obtaining loan preapproval letters • A bilateral agreement • 90-day contract agreement Editor. (2022, October 26). 40 Exclusive Buyer Agency Agreements (& Forms) . TemplateLab. https://templatelab.com/buyer-agency-agreement/

EXCLUSIVE AGENCY LISTING • Agreement between the seller and broker/agent • One on One Relationship between the seller and Agent/broker • Agent/Broker receives commissions on the sell • Higher sell price for your house Galaty, F. W., Allaway, W. J., Kyle, R. C., Williams, w. R., JD, Contributing. (2022). Modern Real Estate Practice, 21st Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781078818896 Welcome. (2023, May 26). How to Design Real Estate Signage for Maximum Visibility . Houston Sign Company. https://houstonsign.com/how-to-design-real-estate- signage/

OPEN LISTING • Multiple agents can try and sell the house • Lower commissions • Seller can sell the property themselves • House is usually on the market for a longer time • Having multiple agents try to sell the house can have set backs. Galaty, F. W., Allaway, W. J., Kyle, R. C., Williams, w. R., JD, Contributing. (2022). Modern Real Estate Practice, 21st Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781078818896 d2678ff28a741ddf661be41faa39f4dc.jpg (2549×3299). (n.d.). Pinimg.Com. Retrieved January 17, 2024, from

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NET LISTING • Seller sets the minimum price they are willing to sell the property at • Allows the agent/broker to have a net amount money from any sale • Allows the Broker/Agent to keep any commission over the seller's price. • Seller only gets the net price they set for the house. • Net listing are used cautiously and with regulations in many states. Galaty, F. W., Allaway, W. J., Kyle, R. C., Williams, w. R., JD, Contributing. (2022). Modern Real Estate Practice, 21st Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781078818896

OL 301 Redo 2-3 Listing Agreements

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