In which of these types of listing agreements is the broker appointed as the seller's only agent?

In an exclusive-right-to-sell listing, one broker is appointed as the seller's agent and is given the exclusive right to market the seller's property; the seller must pay the broker a commission if the property is sold during the term of the listing.

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Exclusive Sales Agency Listing Agreement for Sale of Real Property...

Philadelphia Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers

Name: Philadelphia Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers
Brand: US Legal Forms
Rating: 4.85 (426 reviews)

Category:

Real Estate - Contracts - Brokers

State:

Multi-State

County:

Philadelphia

Control #:

US-02282BG

Format:

Instant download

Description

A broker is an agent who bargains or conducts negotiations for and on behalf of a person he or she represents, called a principal. The broker acts as an intermediary between the principal and third persons in the acquisition of contractual rights or the sale or purchase of property, and receives a commission or brokerage fee for his or her services. A broker has a duty to act in the principal's interest and not gain personal advantage at the principal's expense. The broker must avoid conflicts of interest that may arise in performing duties for or advising third parties whose interests are not aligned with those of the principal. A real estate broker offers services as agent in matters involving the sale, purchase, rental, and financing of real property.

The terms of the brokerage agreement determine the character of the services to be rendered as well as the broker's right to compensation in particular circumstances.

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FAQ

What type of listing is given to one broker and commission is promised to the listing broker provided the owner does not find the buyer? Exclusive -agency listing: further more, the seller reserve the right to sell the property without paying a commission , unless the buyer was introduce to seller by the broker.

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.

Signing an exclusive contract with a real estate agent means you grant him or her the right to sell your property. On the surface, an open listing may seem like a better and cheaper option. You can do your own marketing and advertising. If you sell your home, you don't have to pay a commission to a real estate agent.

In an exclusive agency listing agreement, the seller agrees to pay the listing agent a commission if anyone other than the seller finds the buyer.

An open listing is an exclusive contract. A seller can sell his or her own home and owe no commission if he or she signs an exclusive agency listing.

Exclusive Agency allows the seller to appoint an exclusive agent, but retain the right to sell the property himself.

In an exclusive-right-to-sell listing, one broker is appointed as the seller's agent and is given the exclusive right to market the seller's property; the seller must pay the broker a commission if the property is sold during the term of the listing.

An exclusive right-to-sell agreement is a contract between a homeowner and a real estate agent that grants the broker exclusive rights to collect commission when their property sells.

With an open listing, a seller retains the right to employ any number of brokers as agents. It's a nonexclusive type of listing, and the seller is obligated to pay a commission only to the broker who successfully finds a ready, willing, and able buyer.

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.

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This agent is a fiduciary for the seller. Search all real estate listings.Tour homes and make offers with the help of local Redfin real estate agents. Search for jobs hiring in your area using ZipRecruiter's job search engine - the best way to find a job. They changed their strategy, checking in with their real estate agent, Traci Amend from Coldwell Banker Realty, several times each day.

Philadelphia Pennsylvania Exclusive Sales Agency Listing Agreement for Sale of Real Property with Brokers to Solicit Co-Brokers

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FAQ

What type of listing is given to one broker and promises commission to the listing broker provided the owner does not find the buyer?

What is the difference between an open listing and an exclusive listing?

What is an exclusivity agreement in real estate?

In which type of listing agreement will a seller contract with multiple agents and only pay commission to the agent who locates a buyer?

Which type of listing allows a seller to sell the property himself or herself without having to pay any commission to any designated broker?

What type of a listing agreement allows the owner to appoint an exclusive agent to sell his property but retains the right to sell the property himself?

In which of these types of listing agreements is the broker appointed as the seller's only agent?

What is an exclusive selling agreement?

In which type of listing agreement does a seller employ multiple brokers?

Which type of listing agreement is the most popular with brokers?

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