Types of Listing Contracts
A listing contract is an agreement between you and a licensed real estate broker that authorizes the broker to represent you in the process of selling your home. There are several different types of listing contracts, but very few of them are used. The most common one used is the "Exclusive Right to Sell". But will find that there are a lot more types, allowing you to choose the level of authorization to give to your agent. Here are some of them: Open Listing Considered the one most generally used, this type of contract is for people who are want to both sell their home and work with real estate agents. What the contract does is giving the right for agents to do showings of your home, and gives them an amount of commission if the client chose to buy your house. The good thing about open listing is that there are nothing exclusive or painfully bonding about them. The bad thing is that you can expect less marketing or advertising done. One-Time Show This type of list...