Hi Ken,
Good questions. If you list your property with an agent with the understanding that if it does not sell within three months the agent may want to have you agree to reimburse for some of the marketing costs that they incur during the listing. The agent may talk to you about pricing strategy and if you are willing to cooperate with price reductions if there isn't sufficient buyer interest in your property at the agreed upon list price. Your agent will want to do everything possible to get your needs met and also see that the listing sells within the contracted time, thats our job!
I would recommend you interview at least three agents before making your decision. Experience is important but so is personality and communication. You want someone that you feel comfortable with and that is going to be responsive to all your questions and needs as a seller. There are a lot of agents out there and all are going to want your listing (that is how we make money, afterall) but not every one is going to be a good match for you to work with. Choose someone who you feel is going to be your best advocate and is going to work hard to get the job done.
Best of luck to you and please dont hestitate to let me know if I can be of further service!
Jessica - Tue Dec 22 2009, 12:04