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What exactly the listing agent does?

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Anonymous

11y ago
Updated: 8/21/2019

A property listing agent lists all the real estate property according to market value for those who want to invest in a real estate property.

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Wiki User

11y ago

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Related Questions

Are you allowed to directly call the homeowner of a property you are purchasing if he gives you permission even if it has a listing agent?

Absolutely, although the listing agent will not be in favor of this because they are the seller's agent.


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.


Who is the listing agent on MLS 40433034?

http://www.thetorontorealestate.com


How do you cancel a real estate listing?

You can formally write a letter to your listing agent and request that they release you from you listing agreement. There may be a clause that if you sell your home within a certain time period you may still owe the agent a commission.


How do I stop a sale of home?

Cancel the contract with the listing agent.


How often should a real estate agent Contact a seller after property is listed?

The seller should direct the calling agent to the listing agent.


How much do estate agents earn?

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.


Who gets the commission for a multiple listing?

In a multiple listing service (MLS), the commission is typically shared between the listing agent and the buyer's agent. When a property is sold, the total commission agreed upon by the seller is divided, with a portion going to the listing agent for marketing and selling the property, and the other portion going to the buyer's agent for bringing a buyer to the transaction. The exact split can vary based on agreements and local practices. Ultimately, the seller pays the commission, which is then allocated to the agents involved.


What is the definition of real estate safety clause?

A real estate safety clause is a provision in a listing agreement that protects the interests of the listing agent by ensuring they receive a commission if a property is sold to a buyer introduced by the agent, even after the listing expires. This clause typically specifies a time frame during which the agent can still claim a commission if the buyer purchases the property. It helps prevent sellers from circumventing the agent's efforts by selling to leads generated during the listing period.


Who is registered service agent for OneWest Bank Group LLC?

I am a listing agent for OneWest bank in Southern California, how can I assist you?


To whom does the listing broker owe direct fiduciary responsibility?

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


Do you have to pay a commission if your agent sell your home to another agent they both want a commission?

The total commission amount should be in the listing agreement. If your listing agent has agreed to sell your home for 6% and another agent decides to buy it, your listing agent is responsible for paying that agent's commission out of the 6% commission you have agreed to pay them for procuring a buyer. They are not allowed to unilaterally demand a separate commission for the other agent. If they try to force you to pay extra commission above the original amount you agreed to pay you should contact that agent's broker in charge. If you do not get satisfaction from the broker in charge then contact your state's Real Estate Commission and complain long and loudly.