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Well it is either
1) an open listing where the sellers is represented by several companies
2) an investor short sale flip where an investor locks an offer for a short sale and attempts to flip the sale soon after close.
3) the sellers recently switched agents and the old company is slow to get their sign down.
4) It is an MLS only listing so there is the real estate brokerage sign plus some FSBO company sign
A friend of ours with a different company let us do a few open houses in their new construction neighborhood. I remembered to take his sign down and put my "open house" (not for sale) signs up. Maybe the agent in your case forgot.
1) an open listing where the sellers is represented by several companies
.
This is the scenario that interests me. So if I want to sell my house, I can sign simultaneous listing agreements with two agents from two different companies, and they compete to sell my house and earn the commission?
This is the scenario that interests me. So if I want to sell my house, I can sign simultaneous listing agreements with two agents from two different companies, and they compete to sell my house and earn the commission?
Yes that is possible. The reality is different though. Most agents won't take open listings and some MLS's, like mine, prohibit open listings on the MLS. So, legally you can do this. Reality...probably not.
Could also be a co-list. Different from an open listing, this is when two specific agents agree to both list the property together and split the commission. This happens a fair amount in my area, although usually it is within an office rather than between offices. Usually it is when an inexperienced agent teams up with an experienced agent who doesn't have time to handle the minutia alone. Less common between offices, but I have seen it.
It also could be any number of other weird circumstances. My mom is a broker, she is the trustee on a house in another part of the state that is for sale. Since it is in the same state, she has the property listed, and her signs are in the yard. However, because it is in a different city, she could choose to have another agent colist with her so she could get it into the local MLS and have someone handy for showings. Then their sign would be in the yard too.
Thanks. I figured there was a reason I didn't see more of this around town. Last question: Why would an agent accept an open listing?
In some rural areas where there isn't a great MLS system, open listings are much more common. An agent accepts them but they don't actively market the property so it isn't like they spend a lot of time or money on them.
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