First of all, we should explain the definition of a listing contract, then we can see How a Listing Agreement Works. This is a contract between a seller and a real estate salesperson. The real estate broker (as agent) is trying to find a buyer for the property on the owner’s terms. In exchange for this service, the owner pays a commission. Generally speaking, the seller can list his/her property on MLS or Exclusive.
A listing agreement authorizes the broker to represent the seller and their property to third parties. Under the provisions of real estate license laws, only a salesperson can act as an agent to list, sell, or rent another person’s real estate. In most states, listing agreements must be written. Though listing agreements are legally binding, it’s possible to terminate the contract in certain situations. For example, if the broker does nothing to market the property. In addition, the listing agreement will terminate if the property destroyed. For example by a fire or natural disaster.
On one hand, we are working with many buyers and investors. On the other hand, we are working with many property owners and sellers. That is why we are trying our best to have win-win transactions. Additionally, we are a team of experienced agents, who are working for many years in the Real Estate Industry.
So, please reply if you would like to sell your house! We are here to help our clients during their deals. This was a simple explanation of How a Listing Agreement Works.
BABAK MEHRABI, Real Estate Salesperson