[Fsfe-ni] The Number One Success System Gifting

[Tommy Lee]

http://www.noss123.com/


   - Open Listing

This is an Agreement whereby the property is available for sale by any real
estate professional who can advertise, show, or negotiate the sale. Whoever
first brings an acceptable offer would receive compensation. Real estate
companies will typically require that a written agreement for an open
listing be signed by the seller to ensure the payment of a commission if a
sale should take place.

Although there can be other ways of doing business, a real estate brokerage
usually earns its commission after the real estate broker and a seller enter
into a listing contract and fulfill agreed-upon terms specified within that
contract. The seller's real estate is then *listed* for sale, frequently
with property data entered into a Multiple Listing Service (MLS) in addition
to any other ways of advertising or promoting the sale of the property.

In most of North America, where brokers are members of a national
association (such as NAR in the United States or the Canadian Real Estate
Association), a listing agreement or contract between broker and seller must
include the following: starting and ending dates of the agreement; the price
at which the property will be offered for sale; the amount of compensation
due to the broker and how much, if any, will be offered to a co-operating
broker who may bring a buyer. Without an offer of compensation to a
co-operating broker (co-op percentage or flat fee), the property may not be
advertised in the MLS system.
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