The most common type of listing agreement, the "Exclusive Right to Sell," is also likely to be the most effective. It entitles the listing agent to a commission regardless of who sells the property. If another agent comes up with a buyer, he or she splits the commission with the listing broker.
As far as the seller is concerned, this type of agreement assures that the agent (who is guaranteed a commission when property closes) will make a diligent effort on his or her behalf to find a buyer. Full service of this type involves analysis/research, advertising/marketing, displaying, counseling, and negotiating. The reward for both seller and agent is a sale within a reasonable period at the best possible price.
At Walther REALTORS our goal as real estate professionals is to help you be truly happy with any real estate decision you make.
Note: With an Exclusive Right to Sell, the owners cannot sell the property themselves without paying a commission unless an exception is noted in the contract.