A listing contract is a legal agreement between a real estate broker and an owner of real property, granting the broker the authority to act as the owner’s agent in the sale of the property.
Listing Contract:
The most common type of listing contract in this area is the exclusive right to sell. The seller must pay the brokerage a commission if, by the expiration date and listing contract, the real estate is sold, regardless of whether the buyer was obtained through the agency or not.
Read Also: Do You Need An Attorney At Closing?
The following terms are included:
- The listing contract has a specific beginning and end date and specifies the price at which the property will be offered for sale.
- Specific terms and conditions under which the broker will be paid by the seller.
- The listing contract authorizes the broker to cooperate with other brokers as sub-agents or buyer’s agents.
If you have any questions, you can ask your realtor.
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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.
