How Important Is A Listing Agreement For Sellers And Orange County Realtors
One of the most important agreements that any Orange County home seller will sign is a listing agreement. This document is a signed agreement between the buyer and Orange County real estate agent.
Protection For Both The Seller And Real Estate Agent
Also known as a Listing Agent Agreement in California, this agreement enables the seller and Realtor to agree the following:
- Price – The seller and Agent will be able to agree on the price that the home will be listed at. If it is necessary to adjust the price, stipulations will be agreed on in this document.
- MLS – The Listing Agent Agreement will authorize the Listing agent to post the sellers home on the Multiple Listing Service or MLS; this step might seem like a “no-brainer” to some sellers but, many owners of exclusive Orange County homes have reservations about posting their homes on the MLS. Having this clarified in the listing agreement helps the seller and Top Orange County Realtor to literally be on the same page.
- Commission – The listing agent agreement will also specify how much commission the Realtor will be paid for selling the home. Commission typically varies from realtor to realtor. A common commission amount is between five and seven percent depending on the price of the home and amount being invested into marketing, maintenance, and various other areas.
Term of agreement
The typical length of an agent listing agreement in California is typically six to nine months. Some homeowners might be turned off by such a long term, which makes it that much more important to do your due diligence before hiring a top listing agent to sell your home.
To learn more about Listing Agent Agreements and how they affect you or to view the latest Orange County homes for sale, contact the experienced team of Orange County Realtors at Fred Sed & Associates today by calling (949) 272-0125.