Types of Listings: Exclusive Agency Listing
An "exclusive agency" listing
allows an agent to list and market your home, guaranteeing them a
commission if the house sells through any real estate agent or company.
It also allows sellers to seek out buyers on their own.
This is not
a popular type of listing agreement.
The reason
an "exclusive agency" listing is unpopular is because
there is no incentive for your agent and their company to
spend money and time marketing your home. If you come up
with your own buyer, they have spent money (and time) that cannot be
earned back through the real estate commission.
Plus, it is
too easy for greed and a lack of ethics to enter the
picture. Some unethical buyers or sellers will try to cut
out the agent, even though it was an agent's efforts that
brought the buyer to the home.
If you find
an agent willing to accept such a listing, do not expect
too much from them. They will probably just place it in
the Multiple Listing Service and sit around to see if
something happens.
© 2000 by Terry Light and RealEstate ABC, revised 2004
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