A Listing Agreement Between A Principal And Broker Is

The owners always reserve the right to sell the property themselves and not The listing agreement may contain a multiple listing clause that allows the broker to list the property on the Multiple Listing Service (MLS), which is both an association of brokers and a real estate database provided by brokers participating in the Multiple Listing Service. Only real estate that a broker has the exclusive right to sell or that is the exclusive intermediary can be listed in the MLS. All brokers have the right to sell any real estate on the MLS, no matter who listed them. The listing broker is the broker who has signed an exclusive right of sale or an exclusive agency list, while the selling broker is the broker who finds a buyer for the property. Brokers who belong to the Multiple Listing Service agree to split the commission between the insistent broker and the seller. These include a description of the property (which should contain lists of all personal real estate that remains for sale with the property, and all equipment and equipment that is not included), a list price, the obligations of the broker, the obligations of the seller, the compensation of the broker, the conditions of intermediation, a date of termination of the listing contract, and additional terms and conditions. One of the most important details of the property is the list price set by the seller, often based on the broker`s advice. There are two main methods of setting a list price: a competitive market analysis and a formal evaluation. A competitive market analysis determines the price range of a property by comparing the property to recently sold real estate of the same type, location and other factors. .

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