Asked by: Gricel Haufebusiness and finance real estate industry
What is exclusive brokerage listing addendum?
Last Updated: 30th January, 2020
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Accordingly, what does an exclusive listing mean?
An exclusive listing is a real estate sale agreement in which a specified real estate agent stands to gain a commission if a property sells within a specified number of months. The purpose of an exclusive listing is to motivate the agent to sell the property quickly and at the highest price possible.
Furthermore, what is the difference between exclusive agency and exclusive right to sell? Exclusive right to sell vs. Exclusive agency. The exclusive right to sell gives the broker a commission no matter who sells the property (the owner or the brokers), whereas under an exclusive agency, no commission is due if the seller finds the buyer.
Furthermore, what is an exclusive agency listing in real estate?
An Exclusive Agency Listing is an agreement between a seller and a real estate firm or agent granting the firm or agent the right to be the only firm or agent to market and sell a property, except the seller retains the right to market and sell the home to a buyer without having to pay a commission to the listing agent
Is it acceptable for a broker to accept a referral fee from a title insurance company?
No, it is never permissible. It is not permissible for a licensed agent to RECEIVE a referral fee from any service provider to a transaction such as the Title Company, Lender or Appraiser.