Showing posts with label exclusive right of sale agreement. Show all posts
Showing posts with label exclusive right of sale agreement. Show all posts

Aug 3, 2008

Realtor and seller obligations under a listing agreement.

When a seller gives a Broker the exclusive right to sell their home or real estate, each party of the listing contract have obligations to each other.

When using a Florida Association of Realtors exclusive right of sale listing agreement the obligations the seller and Broker have agreed to include:

Broker
  • Advertise the home
  • Gather mortgage information on the home
  • Continuous efforts to sell the home
  • Enter home's information into the multiple listing service
  • Provide buyers with comparable market information about the home
  • Place a lockbox on the property

Seller

  • Assist Broker including referring interested potential buyers to Realtor
  • Allow the property to be viewed, providing keys when appropriate
  • Inform the Realtor prior to leasing home
  • Hold the Broker harmless in certain situations
  • Comply with FIRPTA
  • Disclose all know material facts about the property

These are a few of the obligations owed between a seller and their listing Realtor. If you are thinking about listing your home or real estate give us a call and we will be happy to discuss the listing contract and seller/Broker obligations in detail.


Related Florida real estate views:

Do I still have to pay a commission if I list my home but then decide not to sell?

Selling your home tips

If you think you are selling your home too cheaply, just say no


- Greg Staker - Watson Realty Corp. - 407-304-0255