What is a "listing agreement?"
A listing agreement is a contract to hire a real estate broker to sell your home. The document contains:
- A description of your property.
- Your asking price.
- Any available seller financing.
- Conveyance of any specific personal property.
- A specific length of time for the agreement and an agreed commission to the broker.
By listing your home, you grant the broker the exclusive right to sell the property during a determined period. This means that if another cooperating broker provides a buyer, your listing broker will be paid the commission, which will be shared with the cooperating broker who produces a buyer for your home.
You usually agree to the placement of your broker’s "For Sale" sign on your property, and the placement of ads to attract buyers. You also agree to a safe, convenient mode of having your home shown to prospective buyers. Your listing broker supervises the use of keys to your home.
Use our experience in listing and selling homes to your advantage. We’ll be happy to talk to you about your specific situation and concerns.