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A listing agreement is:
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An employment contract that creates an agency relationship between property owner and broker.
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Types of listing agreements1) Exclusive-Right-To-Sell:2) Exclusive-Agency-Listing:3) Open Listing:
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1) One broker - broker receives commission no matter who actually sells the property. 2) One...
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Net Listing:Option Listing:
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1) Seller receives nety amount and broker keeps any extra regardless (illegal or discouraged)2)...
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Termination of listing:
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Same as termination of agency:FulfillmentExpirationDestruction of PropertyOwner bankruptcy...
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The Listing Process:Pricing the Property -
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Broker must advise and assist - but Seller must determine final listing price
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The Listing Process:CMA
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Competitive Market Analysis: Comparison of prices of properties recently sold (square...
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Calculating Sales Prices, Commissions and Net to Seller
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FORMULA: Commission = Price x Rate (percentage)
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Buyer Agency Agreements, types of:
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Also an employment contract - broker emplyed as buyer's agent. - Exclusive buyer agency agreement...
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