Updated: Wednesday, May 23, 2012
With so many different types of listing contracts available, it can be difficult to determine which one is right one for you. One type of listing contract is the open listing. An open listing is most commonly used by people who are willing to work with one of the Jacksonville Florida real estate agents while they try to sell their home themselves. This basically gives the real estate agent the right to bring buyers around to view your home. If their client purchases your home, the agent earns a commission. There is nothing exclusive about an open listing and a seller can provide such listings to every agent who appears. As a result, no agent is going to market your home or put it in the Multiple Listing Service. If your North Florida real estate fits the criteria for one of your clients, and it is convenient, they may be agreeable to show it to their client.
Another type of listing contract is a one time show. It is similar to an open listing, as it is most frequently used by agents who are showing a for sale by owner. The home seller signs the agreement, which identifies the potential buyer and agrees to pay the agent should the buyer purchase the house. This inhibits the buyer and seller from negotiating directly later and trying to avoid paying the agent’s commission