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A net listing is an agreement between the seller of a home and the broker entrusted by the seller to find a buyer. In most listing agreements, the broker is entitled to a percentage of the selling price as his commission.
In most cases, a co-broker works with the listing brokerage to help sell the property. The co-broker (or selling broker as they are commonly referred) will usually bring the buyer, and the listing broker will work the seller to help complete the transaction. The listing broker will split the commission with the co-broker for providing the buyer. This enables real estate firms to sell each other's listings, thus enabling many more transactions to take place, making it easier and faster to find buyers for properties. It also enables buyers to only be required to work with one agent at one company instead of having to find an agent at each company.
Normally agents will let you out of the listing contract, provided the seller agrees that anyone who viewed the property while it was listed will be a protected client for that broker and a commission will be payable if that potential buyer turns into a real buyer within an agreed upon period of time. (Ex: 90 days) If you have a legitimate reason to cancel the listing agreement, contacting the broker in charge of your agent's office should result in the listing being cancelled. The bottom line, if you as a seller refuse to cooperate with showings, the broker's chance of selling the house plummets and most agents have no desire to deal with all that!
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.
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A net listing is an agreement between the seller of a home and the broker entrusted by the seller to find a buyer. In most listing agreements, the broker is entitled to a percentage of the selling price as his commission.
In most cases, a co-broker works with the listing brokerage to help sell the property. The co-broker (or selling broker as they are commonly referred) will usually bring the buyer, and the listing broker will work the seller to help complete the transaction. The listing broker will split the commission with the co-broker for providing the buyer. This enables real estate firms to sell each other's listings, thus enabling many more transactions to take place, making it easier and faster to find buyers for properties. It also enables buyers to only be required to work with one agent at one company instead of having to find an agent at each company.
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Normally agents will let you out of the listing contract, provided the seller agrees that anyone who viewed the property while it was listed will be a protected client for that broker and a commission will be payable if that potential buyer turns into a real buyer within an agreed upon period of time. (Ex: 90 days) If you have a legitimate reason to cancel the listing agreement, contacting the broker in charge of your agent's office should result in the listing being cancelled. The bottom line, if you as a seller refuse to cooperate with showings, the broker's chance of selling the house plummets and most agents have no desire to deal with all that!
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Most newspapers will have a section devoted to business interests. In this there will be a section listing the current quotations for many shares of companies, and bonds. Otherwise, any share-broker can give you a quote. There is a small commission charged by a broker for both buying and selling a share. Thirdly, your local stock exchange will probably have a listing on the web, and there you will find the same info.
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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.
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