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How and When Listing Commissions are Earned

Your listing contract specifies a listing price. Your Realtors job is to bring a “ready, willing and able” buyer to present an offer. If you reach agreement with the buyer, then the agent has done his job and earned the commission. Once the sale has closed, the real estate broker gets paid from the proceeds…

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Details of a Listing Contract

A listing contract is a written, legal agreement between the home owner (seller) and the listing broker. It can be written by the listing agent who works for the broker, but the agreement must be signed by the broker and is between the brokerage company and the seller. There are several types of listing agreements…

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Types of Listing Contracts

There are several different types of listing contracts for residential real estate, but very few of them are used. The Exclusive Right of Sale is the most common by far, but there the Open Listing, Exclusive Agency Listing and Limited Services Listing. Open Listing The “open listing” is mostly used by people trying to sell…

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