Somethings are sometimes self explanatory you would think but in the world of Real Estate, clarity is needed for everything. Â When houses are up for sale there are a few things handled before a for sale sign goes in the yard. Â One is between the Real Estate Brokerage and the owners of the house. Â They come to an agreement of terms which is in writing in a Listing Agreement.
A Listing Agreement is just that, the agreement of the listing the Real Estate Brokerage is taking on. Â It includes price, terms of agreement, length of agreement, and anything else that is needed to be added BEFORE a house is place on the market. Â Both owners and Real Estate Brokerage have a copy of this agreement also before it's placed on the market. Â These terms can be altered or terminated at anytime. Â Of course just like with any early termination of a contract a fee is sometimes required for compensation because there are work that has been done after the Listing Agreement.
After the Listing Agreement is signed by all parties (owners & Real Agent Representative) and before it's even placed on the MLS system. Â Such things such as taking pictures, placing appropriate signs, adding a lockbox, and setting up showing arrangements are some of the major things that happens before the house is active on the MLS for others to see.
If you or someone you know is looking to sell or buy in Washington DC, Maryland, or Virginia please consider The Sold Supreme Team and Damon The Agent (CEO).
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Damon J. Brockenberry (Damon The Agent)
Your Washington DC Area Realtor
Servicing Washington, DC, Maryland, & Virginia
cell: 240-694-6460 e-mail: email@example.com