What is a Listing Broker?
The M&M Contractor has engaged Listing Brokers to list the properties in the local Multiple Listing Services (MLS), place “For Sale” signs at the properties, report on the condition of the houses as they are on the market, supply keys and assistance to other brokers and agents who may sell the houses, and generally assist to market the properties HUD owns in their areas. They are paid a fee by the M&M Contractor. They may also be a selling broker for the properties. However, Listing Brokers may not purchase any HUD property for themselves or for their relatives or other affiliates. Their agents and employees are likewise restricted from buying or selling to relatives or other affiliated persons or business entities. You may call the Listing Broker nearest you for assistance with any part of the HUD homes sales process. They often offer HUD home buying training seminars that you can attend.
The M&M Contractor has engaged Listing Brokers to list the properties in the local Multiple Listing Services (MLS), place “For Sale” signs at the properties, report on the condition of the houses, supply keys and provide assistance to other brokers and agents who may sell the houses and generally assist to market the properties HUD owns in their areas. They are paid a fee by the M&M Contractor. They may also be a selling broker for the properties. However, Listing Brokers may not purchase any HUD property for themselves or for their relatives or other affiliates. Their agents and employees are likewise restricted from buying or selling to relatives or other affiliated persons or business entities. You may call the Listing Broker nearest you for assistance with any part of the HUD homes sales process. They often offer HUD home buying training seminars that you can attend.
Related Questions
- How does an agent/broker avoid a breach of fiduciary duty to the seller if the broker already has an exclusive listing agreement with the seller?
- Can I exclude listings from display on my VOW where the listing broker offers less cooperative compensation than Im willing to work for?
- Why not work with a listing broker?
