3_.DISCLOSURE AND LISTING FORMS

Brigita Safyra
Mind Map by Brigita Safyra, updated more than 1 year ago
Brigita Safyra
Created by Brigita Safyra over 5 years ago
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3_.DISCLOSURE AND LISTING FORMS
  1. EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT property is listed with only one broker.I doesn't matter the broker or owner it self sells the listing,broker gets commission.
    1. EXCLUSIVE AGENCY LISTING,the property is listed with one broker.If the owner sells the property,the broker will not get the commission.
      1. OPEN LISTING AGREEMENT owner shows property to as many brokers as they can give it.who sells it,get commission.
        1. COOPERATING BROKERS they can be subagents,dual agents,buyers agents.Agents all work together to sell the property.Cooperative sales are given through a multiple listing service.
          1. LISTING PROTECTION most exclusive agreements contain a paragraph or clause immediately following the compensation paragraph,that should the owner sell or enter into a contract during a specified period of time following the expiration of the listing.The is still owed the commission.
            1. NONSOLICITATION ORDER is a directive to all real estate brokers and real estate salespersons.The nonsolicitation order directs that all brokers and salespersons must refrain from soliciting listings for the sale of residential property within a designated geographic area.
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