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The listing broker is contracted to the seller, is an agent of the seller and owes fiduciuary responsibility to the seller.

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The listing broker is contracted to the seller, is an agent of the seller and owes fiduciuary responsibility to the seller.

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The Exclusive Agency listing authorizes the listing broker, as exclusive agent, to offer cooperation and compensation on blanket unilateral bases, but also reserves to the seller the general right to sell the property on an unlimited or restrictive basis.

Unless the buyers agency is a member within the same Multiple Listing Service, the buyers agent should be certain to get a commission agreement in writing from the listing broker, prior to writing an offer to purchase. Without this agreement, the listing broker does not have to pay out a coop commission.

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This amount may vary in places, but the total comission is usually 6% of the sale price of the house. There are also other variables involved. For example, let's say there is a listing agent (the real estate agent who listed the property), a selling agent (the real estate agent who sold the property) and the broker under whom both agents work.

In this case, the listing agent would get 2% of the total sale price, as would the selling agent and the broker. If the listing agent and selling agent are the same person, they would received 4% comission, and the broker 2% of the sales price. If the broker is also the listing and selling agent, then s/he gets the full 6% comission.

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Yes, texas real estate broker can take a net listing.

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90 days nig

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