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Old 05-28-2015, 12:22 PM
 
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After you have terminated relations with one agent, what is the typical number of days that that agent should be entitled to if someone he showed the property comes forward to purchase?
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Old 05-28-2015, 12:24 PM
 
Location: Cary, NC
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Originally Posted by gray horse View Post
After you have terminated relations with one agent, what is the typical number of days that that agent should be entitled to if someone he showed the property comes forward to purchase?
It is a negotiable time period, and should be noted in the listing agreement.
And, the agent should provide you with the name and date of showing.
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Old 05-28-2015, 12:27 PM
 
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Originally Posted by MikeJaquish View Post
It is a negotiable time period, and should be noted in the listing agreement.
And, the agent should provide you with the name and date of showing.
Thanks Mike...I'm signing an agreement, the agent is requesting 180 days.
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Old 05-28-2015, 12:33 PM
 
Location: Cary, NC
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Originally Posted by gray horse View Post
Thanks Mike...I'm signing an agreement, the agent is requesting 180 days.
That is old school, IMO.
Heck, I list for 30 days. 180 days past that? LOL, sincerely.

Here's the thing....
IF YOU had a sales prospect you wanted to exclude from the listing, so you could sell to a neighbor or co-worker, etc, not having to compensate the agent if that prospect buys, an agent might agree to allow you about 5 days to two weeks to go to contract.
Yet, an agent may want an extra 6 months for closing a prospect....? Who perhaps saw the house the first week of the listing agreement? LOL
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Old 05-28-2015, 12:35 PM
 
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Originally Posted by MikeJaquish View Post
That is old school, IMO.
Heck, I list for 30 days. 180 days past that? LOL, sincerely.
That's why I am asking, it seems excessive. What is typical? I'm thinking more like 90 days.
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Old 05-28-2015, 12:39 PM
 
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Originally Posted by gray horse View Post
That's why I am asking, it seems excessive. What is typical? I'm thinking more like 90 days.
Actually I looked at a past agreement and it was 45 days.
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Old 05-28-2015, 12:40 PM
 
Location: Cary, NC
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Originally Posted by gray horse View Post
That's why I am asking, it seems excessive. What is typical? I'm thinking more like 90 days.
Check your listing agreement. It may also include language that if you re-list with another firm, the slate is wiped clean.

I have some at 90 days and some at 60 days, but I don't recall ever giving it much thought or passing names to the owner of an expired or withdrawn listing.
Those numbers are just blank fillers. I don't much care. And, most buyers are coming with a buyers agent, which is more interesting a dynamic on delayed contracts, IMO.
But, you are smart to visit on it with some consideration, as a consumer.
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Old 05-28-2015, 12:44 PM
 
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Originally Posted by MikeJaquish View Post
Check your listing agreement. It may also include language that if you re-list with another firm, the slate is wiped clean.

I have some at 90 days and some at 60 days, but I don't recall ever giving it much thought or passing names to the owner of an expired or withdrawn listing.
Those numbers are just blank fillers. I don't much care. And, most buyers are coming with a buyers agent, which is more interesting a dynamic on delayed contracts, IMO.
But, you are smart to visit on it with some consideration, as a consumer.
If seller lists with another licensed agent ...etc...."Seller's liability for more than one brokerage fee" concerned me. So NO, the slate is not wiped clean.

But I guess that also covers me, if I relist as a FSBO as long as it's not on the MLS with a licensed flat fee agent.
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Old 05-28-2015, 01:02 PM
 
Location: Salem, OR
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Originally Posted by gray horse View Post
If seller lists with another licensed agent ...etc...."Seller's liability for more than one brokerage fee" concerned me. So NO, the slate is not wiped clean.

But I guess that also covers me, if I relist as a FSBO as long as it's not on the MLS with a licensed flat fee agent.
The seller can't be liable for more than one brokerage fee if listing with another agent in Oregon.
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Old 05-28-2015, 01:11 PM
 
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Originally Posted by Silverfall View Post
The seller can't be liable for more than one brokerage fee if listing with another agent in Oregon.
Thanks Silverfall...this is the RMLS 2014 3 page form, Page 1 item 3. Right to Compensation
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