Middlesex Massachusetts Open Listing Agreement - Residential
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How to fill out Middlesex Massachusetts Open Listing Agreement - Residential?
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Open Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker only if the property is sold through the efforts of the listing broker. (
Open Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker only if the property is sold through the efforts of the listing broker. (
An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.
An open listing is also referred to as a listing agreement on a nonexclusive basis. Agents who directly participate in selling this property, including the listing agent and the selling agent, are entitled to a share of the commission if it ultimately leads to a sale.
Like most listing contracts, open listing agreements can include an expiration date for the contract to end. It typically isn't a critical clause with open listings due to the fact that it's not an exclusive contract with a real estate agent, and you can work with multiple real estate agents or sell with none at all.
Unlike in an exclusive listing, where you sign an agreement with an agent to sell your property, an open listing means you are free of any obligations except to an agent who successfully negotiates a sale of your property. Agents will be competing to sell your property, so it may sell more quickly.
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An open listing is a non-exclusive listing agreement that grants a homeowner the right to work with several different brokers at the same time. Additionally, they are allowed to sell their home on their own, which is also known as a for sale by owner (or FSBO) listing.