Listing Agreement Form With Multiple Agents In Utah
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FAQ
Multiple Listing Service (MLS): What Is It An MLS is a powerful tool to further cooperative agreements between brokers for the sale of their listings and provide information necessary to permit such cooperation.
An open listing allows the seller to work with multiple agents, while a net listing gives the agent the exclusive right to sell the property.
Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.
Both agents sign a Co-Listing Agreement to outline the terms of the shared listing between the agents. In many cases, the commission is split based on how much work each agent does. If one agent is going to do 75 percent of the work, that agent would get 75 percent of the commission.
What Is an Exclusive Listing? An exclusive listing is a method of selling real estate property by working directly with just one real estate agent. Instead of publicly listing your home for sale, you agree to let a single real estate agent attempt to find buyers and manage the sale process.
An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.
An open listing is a non-exclusive contract. This type of listing gives the seller or buyer the right to engage any number of brokers as agents.
In California, agents must be affiliated with only one broker at a time. To work for more than one brokerage, agents can attain a broker's license and present a copy to the firm.
The answer is the age of the seller. Information needed for the listing agreement includes lot size, possibility of seller financing, and the property taxes. The age of the seller is not needed.
