Agreement Between Two Real Estate Agents

Experienced brokers have typically been burned by an FSBO trade, in which the seller has not paid the full agreed commission — or even a commission — to the agent who brought the buyer, Ailion says. “FSBO sellers are seen as unrealistic, unreasonable and difficult sellers who have turned down professional brokers,” he says. There are different types of agency contracts for the sale of housing. It is important to be aware of the nature of the agreement you are signing, as this affects your rights and the amount of commission you may have to pay. You should discuss the agreement with legal counsel if you are unsure of your rights. Below is an overview of the different types of agreements. This is comparable to an exclusive agency contract. You give a broker the right to sell the property, but you can find a buyer yourself.

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