The Primary Purpose Of A Listing Agreement Is To Define The Relationship Between

For this reason, brokers usually place certain clauses in their information contracts to prevent sellers from circumventing the agreement. A clause prevents the seller from terminating a listing contract without the written consent of the real estate agent. Another clause, which may well be included in your listing agreement, limits the sale of the house to anyone to whom the listing agent has shown it. The seller cannot sell the house to these interested parties within 6 months to one year from the end of the contract. And that`s where you got it! This case study deals with the steps taken by a broker to determine the offer price of a property. During your career as an agent, you will be doing a lot of CMA and you will most likely go through a process similar to the one we just did. In Section 7, the parties record the duration of the “period of protection” expressed in days. This is a period after the end of the reference period or the date on which the parties mutually agree to terminate the contract. If, during the period of protection, the seller sells the property to a buyer or agrees to sell it to a buyer who has knowledge of the property during the reference period, the broker is entitled to the commissions referred to in section 6. . .