To insist on a lower commission in the listing agreement, the argument goes, only reduces the broker's incentive to work hard toward a sale.
Moreover, other members of a multiple-listing service will not accept a property while the current listing agreement is still in dispute.
Still, having a lawyer look over a listing agreement - even when the sale price is more modest - certainly could not hurt.
But what if there was no written listing agreement at all?
They spent six months shackled to one brokerage by an exclusive listing agreement.
Once the listing agreement is signed, stating the agreed commission when a sale occurs, the parties have a business contract between them.
But after four months the listing agreement expired, and there had been no offers.
Once a listing agreement is signed, sellers should ask how they can assist the broker.
Real estate commission is typically paid by the seller at the closing of the transaction as detailed in the listing agreement.
When a broker is hired to sell a property, a listing agreement is executed in writing.
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