Three Types of Listing Agreements

When you`re ready to put your home or property on the market, you`ll want to sign a listing agreement with a real estate agent. This agreement sets the terms under which the agent will work to sell your home. However, not all listing agreements are the same. In fact, there are three types of listing agreements to choose from. Here`s what you need to know about each type.

1. Exclusive Right-to-Sell Listing Agreement

The exclusive right-to-sell listing agreement is the most common type of listing agreement. With this agreement, the agent has the exclusive right to market and sell your home. If another agent sells your home while the agreement is in effect, the listing agent is still entitled to a commission. This agreement is a good choice when you`re working with an agent you trust and want to give them the best chance to sell your home.

2. Exclusive Agency Listing Agreement

The exclusive agency listing agreement is similar to the exclusive right-to-sell agreement, but there`s one key difference. With this agreement, if you find a buyer for your home outside of the agent`s marketing efforts, you won`t have to pay the agent a commission. This agreement can be a good choice if you want to try selling your home on your own, but still want the help of a professional agent.

3. Open Listing Agreement

The open listing agreement is the least common type of listing agreement. With this agreement, you can sign contracts with multiple agents, and only the agent who sells your home will receive a commission. This agreement can be a good choice when you`re uncertain about which agent to work with and want to give multiple agents a chance to sell your home.

Choosing the right type of listing agreement can make a big difference in your home-selling experience. Talk to your real estate agent about which type of agreement is best for you, and be sure to read and understand the terms of the agreement before signing. With the right agreement in place, you can sell your home with confidence.

Filed under: Sin categoría