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3.DISCLOSURE AND LISTING FORMS
- 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.
- EXCLUSIVE AGENCY LISTING,the property is
listed with one broker.If the owner sells the
property,the broker will not get the
commission.
- OPEN LISTING AGREEMENT owner shows
property to as many brokers as they can
give it.who sells it,get commission.
- 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.
- 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.
- 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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