Are you planning to sell you house? If yes, then, it is very essential to know about the different types of listings.
Actually, there are many different types of listing contracts. The most common ones include the “Exclusive Right to Sell”, the “open listing,” the “exclusive agency listing,” and the “one-time show.”
This article presents details about “open listing” and the “one-time show”.
o Open Listing
It is commonly used by people who are willing to hunting property for sale in missouri their home by owner who are also willing to work with real estate agents. In this way, a real estate agent gets the right to bring buyers around to view your home.
In case any one of their clients buys your home, the agent will earn a commission. In case of an open listing, a home seller can give out such listings to every agent who comes around.
Due to this, no agent who accepts an open listing will market your home or put it in the Multiple Listing Service.
o One-Time Show
This is very much similar to an open listing. It is commonly used by real estate agents who show a FSBO (for sale by owner) to one of their clients.
Next, the home seller signs the agreement that identifies the potential buyer and guarantees the agent a commission in case that buyer purchases the home.
In this manner, the buyer and seller are prevented from negotiating directly and trying to avoid paying the agent’s commission!