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An "exclusive
agency" listing allows an agent to list and market your
home, guaranteeing them a commission if the house sells
through any real estate agent or company. It also allows
sellers to seek out buyers on their own.
This is not a
popular type of listing agreement. The reason is that there
is not much incentive for agents to spend money marketing
your home. If you come up with your own buyer, they have
spent money they cannot earn back through the real estate
commission. Plus, it is too easy for a greedy buyer to go
around the agent and negotiate directly with the seller.
If you find
an agent willing to accept such a listing, do not expect too
much from them. They will probably just place it in the
Multiple Listing Service and sit around to see if something
happens. A good agent would never accept such a listing, and
you probably want a good agent. |