Basic Components of The Listing Agreement

Nesbitt Realty
Nesbitt Realty sells homes in Northern VA
The listing agreement is a contract between a property owner and a real estate professional. The listing agreement outlines the limits that the real estate agent has when you sell your property. All listing agreements will have the following components: Writing-For real estate contracts to be enforceable they must be in writing. Employment-The listing agreement is an agreement with the broker employing the agent or property owner. Compensation-The listing agreement will show amount paid to broker which is usually a percentage of the sales. Title-Some properties have more than one owner. In this case all owners have to agree to the listing agreement. Term-Because the broker acts on the seller's behalf the listing agreement should have a term. It usually is 180 days but not less than 60 days. Fine Print-Always read the fine print. If you do not understand something your agent or broker can explain.
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Stuart Nesbitt

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Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.