Exclusive Agency– An “exclusive agency” listing allows an agent to list and market your home, guaranteeing them a commission if the house sells through any licensed real estate agent, (unless the listing agent/broker has forfeited the listing side of their commissions, usually done by offering a Flat Fee Listing Agreement) It also allows sellers to seek out buyers on their own and pay no commissions if a buyer’s agent/broker is not involved. Most real estate brokers will not inform the seller of this option during a listing presentation and in most cases their agency will not allow them to take these types of listings, because there is the potential of no commissions being paid. At Shelby Real Estate Inc. our Basic and Plus package listings are Exclusive Agency relationships.
Exclusive Right to Sell- An “exclusive right to sell” your property does not mean that there will not be other agents involved. Your agent is the listing agent and the most important part of his or her job is to market your home to other agents who work with buyers. Those agents will show your home to their clients. Regardless of who sells the home, even if you find the buyer yourself your listing agent will earn the commissions that was agreed to in the listing agreement.
Typically listings are taken based on a 6-7% commission. The average Real Estate agent will then list your property on the MLS (Multiple Listing Service) and offer 2.5-3% commission to the buyer broker that brings the buyer to the table. If either broker is working under an agency then they will have to split their commissions, typically 30-50% with the agency that they work under.
You now have the options to pay less while retaining the services of a professional Real Estate Broker;
Shelby Real Estate Inc. Flat Fee Listing Service, you will be able to put more money in your pocket or offer the buyer incentives, if they buy your home over the competitions.
We are able to offer this service because we are a locally owned Willamette Valley company that does not have to pay franchise or split fee’s to an out of State agency.
Also with our real estate transparency philosophy, we will show you how to Pay No Buyer Broker Commissions if the buyer is not working with another broker.
Check out our Packages today! Do the math, you will be amazed at the savings.Have Questions?
Licensed in the State of Oregon