Discuss the differences between the following types of listing agreements: open, exclusive agency, and exclusive right to sell. Which type do brokers most likely prefer? Why?
Why is highest and best use analysis important in estimating Market Value?
A listing agreement refers to a document wherein a property proprietor contracts with a land dealer to discover a purchaser for the proprietor's property. The owner of the property thus affirms the listing agreement to give a land dealer the legitimacy to act as the proprietor agent in the sale of his or her property. It often involves a commission paid to the proprietor’s agent. This discussion will posit the very types of listing agreements and crucially examines which one is preferable to many brokers