HOW TO AVOID BEING HANDCUFFED BY A REAL ESTATE LISTING AGREEMENT When you’re ready to sell your home, you’ll eventually meet with a real estate agent who’s going to offer you a listing agreement. The listing agreement is a contract that legally binds you...
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HOW TO AVOID BEING HANDCUFFED BY A REAL ESTATE LISTING AGREEMENT When you’re ready to sell your home, you’ll eventually meet with a real estate agent who’s going to offer you a listing agreement. The listing agreement is a contract that legally binds you to sell with that particular agent for a specified amount of time. Most states offer a standard form that the agent and homeowner fill out together. Together you decide the start date and the end date of the agent’s services to you. Sometimes throughout the home selling process, we hear, “I have a listing agreement with my realtor, but what can I do if I’m not happy with his efforts? Can I get out of it?” Before you sign the listing contract, you should understand the terms of the agreement, since you’ll be held legally responsible for them. Get familiar with what will be expected from you as the homeowner so that you can recognize potential red flags. WHAT’S THE MOST COMMON LISTING AGREEMENT? A 3-6 month listing agreement is comm
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