What Type of Listing Agreement Should You Sign With a Real Estate Agent?
What Type of Listing Agreement Should You Sign With a Real Estate Agent? Listing Agreement Brenda Wynn Las Vegas NV Real Estate Berkshire Hathaway HomeServices If you’re thinking about putting your house on the market and planning to hire a real estate agent to help you with the sale, you’ll sign a listing agreement. That is a legally binding contract that establishes a formal relationship between a seller and a real estate agent. A party who violates the terms of a listing agreement can face legal consequences. Exclusive Right-to-Sell This is the most common type of listing agreement. An exclusive right-to-sell agreement means the listing agent has the exclusive right to market your home for a period of time stated in the contract, either directly or with the assistance of another broker. If your house is sold during that time frame, you will have to pay a commission to the broker, even if the house is ultimately sold through the effort...