If you are selling
real estate, you may want to "list" your property for
sale with a real estate firm. If so, you will sign a "listing
agreement" authorizing the firm and its agents to represent
you and your dealings with buyers as your seller’s agent.
You may also be asked to allow agents from other firms to help
find a buyer for your property.
Be sure to read and understand the listing agreement before
you sign it.
Duties to seller: The listing firm and its agents must
Promote your best interest
Be loyal to you
Follow your lawful instructions
Provide you with all material facts that could influence your
decisions
Use reasonable skill, care and diligence, and
Account for all monies they handle for you.
Once you signed the listing agreement, Clark-Branch, Realtors
and our agents may not give any confidential information about
you to prospective buyers or their agents without permission.
But until you sign the listing agreement, you should avoid telling
the listing agent anything you would not want a buyer to know.
Services and Compensation: To help you sell your property, the
listing firm and its agents will offer to perform a number of
services for you. These may include:
Helping you price your property
Advertising and marketing your property
Giving you all required property disclosure forms for you to
complete
Negotiating for you the best possible price and terms
Reviewing all written offers with you and
Otherwise promoting your interest
For representing you and helping you sell your property, you
will pay the listing firm a sales commission fee. The listing
agreement must state the amount or method for determining the
commission or fee and whether you will allow the firm to share
it’s commission with agents representing the buyer.
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