«

»

Lis
27

In addition to indicating the seller-agent relationship and the obligations of both, the listing contract will contain the details of the property itself. The listing agreement may have a multiple listing clause that allows the broker to list the property on the Multiple Listing Service (MLS), which is both an association of brokers and a real estate database provided by brokers participating in the Multiple Listing Service. Only real estate that a broker is allowed to sell exclusively or who is the exclusive agent can be listed in the MLS. All brokers have the right to sell any property on MLS, regardless of the agent who listed it. The broker is the broker who has signed an exclusive right to sell or an exclusive agency list, while the selling broker is the broker who finds a buyer for the property. Brokers who are part of the Multiple Listing Service agree to divide the commission between the listing broker and the sales broker. With an open offer, a seller employs any number of brokers as agents. It is a non-exclusive type of list and the selling broker is the only broker who is entitled to a commission. In addition, the seller reserves the right to sell the property independently and without commitment.

While the seller is not limited to a price determined by a competitive market analysis or even a formal valuation, the broker will have little interest in selling a property at a significantly higher price. A price that is too high will be difficult or impossible to sell before the listing contract expires, and brokers, like most people, do not want to work for nothing. A listing agreement is a document in which an owner enters into contracts with a real estate agent to find a buyer for the owner`s property. The owner executes the listing agreement to give a real estate agent the power to act as a broker when selling the owner`s property. However, the owner usually has to pay a commission to the real estate agent. With an exclusive-authorized offer, a broker is designated as the seller`s sole representative and has the exclusive right to represent the property. The broker receives a commission, regardless of who sells the property, while the listing agreement is in effect. There are different types of rating agreements that vary depending on the exclusivity of the agreement. Listing contracts may also have a broker safeguard clause that entitles the broker to a commission if the property is sold to a buyer introduced by the broker within a specified period after the expiry of the listing agreement.

The period of implementation of broker protection clauses is often the same period as the listing agreement. Prior to that date, the seller died and the personal representative of her estate immediately sold the three properties. The broker filed a complaint to recover his commission, accusing the real estate of having been sold during the exclusivity period provided by the agreements. The case was dismissed and the broker appealed. One of the most important details of the property is the list price set by the seller, often based on the broker`s advice.