When selling your home or business through a real estate broker should you try to negotiate the commission?
I am selling my hair salon first then plan to sell my home as I am getting married and moving to the US from Canada. When I chose a broker and he sent me a copy of the listing agreement, he wants me to initial saying that he has exclusive rights (vs. Multiple Listing) for one year. Also, when we discussed it initially, I told him the price I wanted to start at, he verbally suggested a lower price, and has already written his price suggestion on the listing agreement which I have not yet signed. I’ve since gone on his website and see my property already listed at his price. History: I had him appraise the business about a year ago (because someone was interested in buying it and they suggested him as the appraiser and I agreed) and the potential buyer decided not to purchase at the appraised value. If I were to list at the price the realtor is suggesting, I wouldn’t get the appraised value after his commission. What should I do?
Time to find a new Realtor. He has already broken the law by marketing your house before being given the right to do so. You need to remember you are the boss and shouldn’t feel bullied into things. I suggest you interview a couple of other Realtors to get their marketing plans and opinions of the value of your real estate assets (with information to back it up). You can always try to negotiate commissions, but you also need to remember that Realtors are professionals and might not be willing to take a cut in pay just as you might not do their hair for less than you usually do.
FYI, an exclusive right to sell agreement is NOT “vs Multiple Listing”. Instead it is an agreement saying that only one Realtor can market your property and protects the listing agent when he puts it on the MLS making it available to all other Realtors (representing buyers)
Canada Realtor Offers No Commission Real Estate Service Mls
|
|
MURANO GLASS BEAD AUTHENTIC 925 STERLING SILVER FIT EUROPEAN CHARM BEADS 2317 A $7.90 |
|
|
Lancome Teint Renergie Lift R.A.R.E. Foundation SPF 20 O 01 Made in Japan 30ml $62.49 |
|
|
1/200 C-S Aviation Services Airbus A300 Airplane Model $14.00 |
|
|
THE SAINTS LP A LITTLE MADNESS AUSTRALIA PUNK 1984 $26.56 |
|
|
Liliecrona’s Home: A Novel (1917) NEW by Selma Lagerlof $35.52 |
|
|
Commissions of Inquiry $92 Commissions of inquiry have had a significant role in the development of public policy in Canada… |
|
|
Commercial Real Estate Investing in Canada: The Complete Reference for Real Estate Professionals $169.99 Many investors include commercial real estate in their portfolio, yet there are few comprehensive resources available to those looking for information on how to profit in commercial real estate. Written by a father-and-son team with extensive experience in buying, selling and developing commercial real estate, Commercial Real Estate Investing in Canada is a must-have guide for all real estate investors. This one-of-a-kind compendium will guide readers on such topics as: The business of real estate Land-use controls Taxation of property Types of income-producing properties Renovations and repairs Property management Property appraisals Conducting due diligence Real estate contracts And much more! Commercial Real Estate Investing in Canada is a tremendously valuable and indispensable tool to all Canadian real estate investors, agents, brokers, property managers, landlords, loan officers, builders, and lawyers. |
|
|
97 Real Estate Investment Tips from Canada”s Leading Experts $17.81 Investing in real estate in Canada has never been more popular… |
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.