Everything You Need To Know About Listing Contracts
So you've decided to sell your home, and you've decided (wisely) not to For-Sale-By-Owner. Now all that's left is to hire a Colorado Springs real estate agent and sign the listing agreement to get your home on the market, right? Well, almost. Before you officially sign the listing agreement, you have to decide which type of listing agreement you want to use. While some of the different options may be similar, they each have their own nuances and serve slightly different purposes. Here is a quick look at a few of the different kinds of listing agreements. Open Listings With an open listing agreement, your broker can can bring potential buyers to come see your home. If one of the buyers the agent brought decides to purchase the home, then the broker will get commission on the sale. The unique aspect of open listings is that you can have different open listing agreements with multiple different brokers. For this reason, however, these agreements typically aren'...