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We will use market research along with
our knowledge and expertise to assist you in setting
the best possible listing price for your home. However,
it is important to keep in mind that the price that
you set must be attractive to potential purchasers under
the current market conditions.
Before finalizing the listing price, you
may wish to ask us to prepare an estimate of the net
cash proceeds you will receive on completion of the
sale, based on the suggested listing price and the financing
arrangements currently in place.
After a listing price has been established,
you will be asked to sign a LISTING AGREEMENT.
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In British Columbia, the two most common
types of listing agreements are:
- the exclusive listing
- the Multiple Listing Service (MLS)TM
Each type of listing lasts only for
the time period that is specified in the agreement.
An Exclusive Listing gives the
listing agent the sole right to sell the property.
This means that even if you sell the property to a
prospect of your own during the term of the listing,
you must pay the agreed commission to the listing
agent, unless that prospect was specifically excluded
on the listing agreement.
The listing agent may agree, at his
or her option, to share the commission with any other
real estate licensee who is able to find a buyer for
your property. The other licensee will be referred
to as the selling agent.
You should also be aware that even after
the exclusive listing expires; you may be obligated
to pay the listing agent a commission if you sell
your property to a person who purchases because of
the agent’s actions during the time of the listing.
A Multiple Listing differs from
an Exclusive Listing only in that the listing agent
agrees to register your home in a Multiple Listing
Service MLSTM so that its availability is made known
to all real estate licensees who are members of our
Victoria Real Estate Board.
In this case, the listing agent agrees
to share a specified amount of the commission with
any other member of the real estate board who is able
to find a buyer for your property.
Questions? CONTACT:
Liz
Grambart Anders
Treiberg
The Properties in Victoria Professionals would
like to discuss your objectives with you, personally,
before you decide which type of Listing Agreement
is best suited to your needs.
Terms of the Listing Agreement
The Listing Agreement legally defines
your arrangement with us, setting out, at minimum:
- the price and terms at which you are willing to
sell your home
- the existing financing arrangements and whether
this financing can be assumed by a new owner
- a list of items attached to the building (normally
called fixtures) which are or are NOT to be
included in the sale.
- the date on which you can give possession of the
home to a new owner
- the commission payable to the agent on the completed
sale of your home
- the time period for which the agreement will be
in effect, ending on a specific calendar date
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- all the spaces have been completed to your satisfaction
, and
- you have a thorough understanding of all the
terms it contains
We will provide you with a copy of this
agreement so that you have it for future reference.
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