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Alter Real Estate Agency Agreement Template

Alter Real Estate Agency Agreement Template

Aug 6th, 2022

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How to Alter Real Estate Agency Agreement Template

4.8 out of 5

48 votes

In this tutorial, the focus is on exclusive listings in real estate. An exclusive listing allows only one broker to represent the seller, making it necessary to set a specific termination date, which must be 90 days from signing. If two exclusive listings are signed simultaneously, the seller may face liability for two commissions. The key point is there should only be one commission in a listing: the broker hired by the seller receives it and then shares it with the buyer's broker. Common misconceptions exist about multiple commissions for different brokers and agents, but in reality, only the seller's broker receives a single commission that is divided with the buyer's broker.

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