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Can the administrator of an intestate estate sign the listing agreement for the sale of real property?
Wiki User
∙ 14y ago
Yes, but generally, the Administrator needs to request a license to sell the real estate from the court in order to be able to execute a valid deed.
Wiki User
∙ 14y ago
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Can a listing agreement be canceled?
Yes, usually even before the end of the listing period. However, in the agreement it will normally stipulate that if you sell your property to anyone during the remainder of the period stated, you must pay the appropriate commission to the listing broker. Read the agreement to make sure.
What is a "listing agreement"?
A contract in which a party hires a licensed real estate agent to assist them in the sale of property.
Can you sign a listing agreement on a property without all owners signatures?
No. All the owners must sign or the contract is not enforceable.
Who does a real estate listing agreement belong to?
The listing agreement belongs to the broker of the firm you listed with.
Does a listing agent have an advantage selling a property vs another agent?
Yes. As long as it sells... at any price, until the listing agreement expires (and then some) they make $. They don't even have to be the selling agent.
Do you need to try and sell your home with a real estate agent prior to a short sale?
In order for a homeowner to attempt a Short Sale, their lender will want to see that the property has been publicly listed for sale to ensure that the property receives maximum exposure and gets the highest and best price. From the lender's perspective, this can only be done with a Realtor, which would mean signing a listing agreement and putting the property into the Multiple Listing Service. The lender will want a copy of the listing agreement and the MLS printout as evidence.
Does a listing agreement need to show the seller is only a joint tenant?
Any agreement that affects the property must be signed by all the owners or it is not enforceable. It would need to be signed by all of the joint tenants.
Is it illegal if both parties don't sign a multiple listing agreement?
The parties would not have a legal contract. A multiple listing agreement is a contract. In order for a contract affecting real property to be enforceable, all the owners must sign it. If only one owner signs, the other party (the real estate agent) has no agreement with the other owner and the property cannot be listed, marketed, shown or sold.
Is Net Listing agreement illegal in pa?
When listing your home with a real estate broker, different options are available, one of which is net listing over the Internet. A net listing specifies the amount of money that is wanted for the sale. The broker keeps any extra money over that amount as a commission. The problem with this is that the broker is allowed to increase the price the seller wants to make more profits for themselves. This can lead to a conflict of interest for the broker and can affect the ethical nature in which the sale is done. For this reason it is illegal in many states to have a net listing agreement, however net listing is perfectly legal in Pennsylvania. Net listing can be a good way to scam unsuspecting buyers that are far away geographically from the property that are unable to physically see the property. Buying a property or anything over the Internet that is not from a reputable source is sketchy at best.
Is it legal for an executor to sell the principal residence through a listing agreement?
That is one of the duties of the executor, to properly dispose of property per the will. They are authorized to execute the will and to pay off debts. The sale of property may be required to do so.
On a exclusive agency does the agency get the listing and selling commission even if another agency sells?
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.
If you take your house off the market do you owe the estate agent any fee?
Typically no but it depends on the listing agreement you signed. Read it carefully. If the listing period has expired many listing agreements state that if a person was shown your property during the time it was listed and wants to buy it after the listing has expired you may still owe the Real Estate Company a commission. Most listing agreements speak to this in the agreement with a time period - like 180 day - after the listing has expired. This is the way a Real Estate Broker protects themselves from people trying to go around them by dealing directly with the seller.
