What is a Listing Contract – Why do I need one?
Answer, REALTORS and Buyers often work together without a contract, if y ou are selling your home it is in your best interest to have a binding legal contract with your REALTOR. It is imperative that you read this contract very carefully. Dont be afraid to ask questions and if you feel you need to consult an attorney you should do so before you sign it . The listing contracts themselves can vary greatly from place to place. The good news is that most REALTORS use standard pre-printed contracts. Anything on these pre-printed forms IS negotiable. Q: What sorts of things are on the Listing Contract – What will benefit me as the seller? A: There are 4 major areas of the listing contract that you as the seller need to think about. Keep in mind that everyones situation is different and you need to do what you think is best for you and what makes you comfortable. 1. The Term of the Agreement How long do I want to give this real estate agent to sell my house? Usually the longer you agree to wo
