Since almost all real estate transactions are based on the same considerations, most listing agreements require similar information. These include a description of the property (which should contain lists of all personal property remaining in the property at the time of sale, as well as all devices and devices that are not included), a list price, broker bonds, seller`s bonds, broker compensation, intermediation terms, a termination date for the stock exchange agreement and additional general terms. An offer of options gives the broker the right, but not the obligation to purchase the property within a specified period of time over which the option expires. As this creates a conflict of interest, such as a net list, the broker must obtain the seller`s written consent for the option and disclose its profits to the seller. One of the most important details of the property is the list price set by the seller, often based on the broker`s advice. There are two main methods for setting a catalogue price: a competitive market analysis and a formal evaluation. Competitive market analysis determines the price range of a property by comparing the property with recently sold properties of the same design, the same situation and other factors. In a formal valuation, a professional real estate expert determines the market value of the property, that is, the likely price a buyer would pay in the case of an arm-length transaction. A formal valuation is often required when the property is unique, making it difficult to find comparable properties that have recently been sold. An exclusive agency listing agreement gives a broker the right to market and sell a property for a certain period of time, while the owner retains the right to find a buyer and sell the property without having to pay commission to the broker.
The seller must pay a commission only if the house is sold by the broker or by an agent or a licensed sub-agent of the real estate agent. This type of list is not very common in residential stores, because it increases the chances of a dispute between the broker and the seller about who was actually the cause of the sale supply. A listing agreement may also include documents relating to the listing of their securities on a stock exchange, for example. B of the New York Stock Exchange (NYSE).