#142920 - 05/25/07 08:19 AM
Re: listing agreement time frame
[Re: 2004Ferne]
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Veteran Member
Registered: 05/23/06
Posts: 708
Loc: Frisco, TX
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Some Sellers dont want to be tied to an agent for 6-12 months. They want to use this 30-60 days as a trial period first. Some have no problems extending, some will just move on.
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#142924 - 05/25/07 08:49 AM
Re: listing agreement time frame
[Re: Perky_REALTOR]
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Member
Registered: 05/22/07
Posts: 33
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In our area 6 months is pretty standard, however, I've been getting some push back from clients. I guess they just don't want to face the fact that their home maybe on the market for that long.
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#142986 - 05/25/07 12:59 PM
Re: listing agreement time frame
[Re: Paceryder]
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Member
Registered: 03/05/07
Posts: 37
Loc: OK
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The seller may only be wanting ot sign an agreement for 60-90 days as a benefit for him. See, if he doesn't like the way that the Realtor is marketing his property, then he only has a contract to stay with him for 2-3 months, then can go find another person to list his house with. At the same time, if the agent/broker in your firm thinks they can sell that house in that amount of time, or at least prove he's doing a good job it is worth it to be able to have that listing, and possibly a longer contract when relisting comes around.
Also, think of all of the good things that come from having a listing, even if that house doesn't sell...EXPOSURE. You have the yard sign with name and number, newspaper ad, your name is on the flyers, get to do open houses etc. So even if that houes doesn't sell it is more places to have his/her name to get business.
It is kind of a win-win in a way. If the seller isn't willing to sign an agreement for 6 months so he can walk away in a few months a go find someone else, and the Realtor wins because he gets several new sources of lead generation. The situation is not ideal to the listing Realtor, because that house may not sell for him/her, but it does bring in more prospects. Nobody can argue with bringing in more customers?
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#143244 - 05/26/07 11:14 PM
Re: listing agreement time frame
[Re: REwoman]
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Veteran Member
Registered: 05/14/05
Posts: 763
Loc: The Milky Way
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The seller may only be wanting ot sign an agreement for 60-90 days as a benefit for him. See, if he doesn't like the way that the Realtor is marketing his property, then he only has a contract to stay with him for 2-3 months, then can go find another person to list his house with. At the same time, if the agent/broker in your firm thinks they can sell that house in that amount of time, or at least prove he's doing a good job it is worth it to be able to have that listing, and possibly a longer contract when relisting comes around.
Also, think of all of the good things that come from having a listing, even if that house doesn't sell...EXPOSURE. You have the yard sign with name and number, newspaper ad, your name is on the flyers, get to do open houses etc. So even if that houes doesn't sell it is more places to have his/her name to get business.
It is kind of a win-win in a way. If the seller isn't willing to sign an agreement for 6 months so he can walk away in a few months a go find someone else, and the Realtor wins because he gets several new sources of lead generation. The situation is not ideal to the listing Realtor, because that house may not sell for him/her, but it does bring in more prospects. Nobody can argue with bringing in more customers? The seller can always get out of the agreement if they don't feel the agent marketing their property correctly.
Edited by Paceryder (05/26/07 11:14 PM)
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#143325 - 05/27/07 04:24 PM
Re: listing agreement time frame
[Re: Paceryder]
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Member
Registered: 03/05/07
Posts: 37
Loc: OK
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The seller may only be wanting ot sign an agreement for 60-90 days as a benefit for him. See, if he doesn't like the way that the Realtor is marketing his property, then he only has a contract to stay with him for 2-3 months, then can go find another person to list his house with. At the same time, if the agent/broker in your firm thinks they can sell that house in that amount of time, or at least prove he's doing a good job it is worth it to be able to have that listing, and possibly a longer contract when relisting comes around.
Also, think of all of the good things that come from having a listing, even if that house doesn't sell...EXPOSURE. You have the yard sign with name and number, newspaper ad, your name is on the flyers, get to do open houses etc. So even if that houes doesn't sell it is more places to have his/her name to get business.
It is kind of a win-win in a way. If the seller isn't willing to sign an agreement for 6 months so he can walk away in a few months a go find someone else, and the Realtor wins because he gets several new sources of lead generation. The situation is not ideal to the listing Realtor, because that house may not sell for him/her, but it does bring in more prospects. Nobody can argue with bringing in more customers? The seller can always get out of the agreement if they don't feel the agent marketing their property correctly. I didn't think about this before I submitted the comment, but in my area, I was told by my broker once, that the way our state listing agreement is written, the broker has to let them go, no matter how much complaining they do, it is very rare that the broker will let them go. We have very few released properties in my area. Even if it is not being marketed correctly, it is hard to get out of the contract. I didn't think about in other states that it could be easier, so I appologize.
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