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Before you can sell your home you need to hire a great real estate agent and to do that you need to sign a listing agreement but what is the listing agreement exactly what's in it and is there any room for negotiation hi everyone Corinne here with homelike today we're covering the listing agreement what's in it and what do you as the homeowner need to know before you sign one, so the listing agreement is just the contract that says hi seller if you want to work with me, you know here's the agreement that we're going to have you have to sign a listing agreement in order to work with the real estate agent there are a few different types of listing agreements but 9 times out of 10 sellers and agents use the exclusive right to sell agreement which basically gives the real estate agent full control over the transaction if you want to learn more about the other types of listing agreements check out the article in the description below let's get into the exclusive right to sell listing agreement you'll sign it once you're ready to list your home for sale, and you found a trust the top agent to take the reins it includes everything the real estate agent is allowed to do for the duration of the contract and how they plan to sell your house the basic things are what price you're going to list it at when you're going to put it on the market and how long that agreement is good for now the price the timing and how long you agree to work with your agent are crucial for a successful sale and bonus they're all negotiable first make sure the list price is the price that you and your real estate agent agreed on when looking at your local real estate market analysis next look at the best time to sell in your area to make sure you're listing it at the right time use our best time to sell calculator to find how long it takes to sell a house in your area and which month is the best for your listing you'll find a link to this tool in the description and remember to double-check that the agreement expires on a date that you're comfortable with there are other things that are included in listing agreement that can be changed if you aren't comfortable with them first is the agents Commission its standard for a seller's agent to receive six percent of the sale profit which they will then split with the buyer's agent you have the right to try to negotiate the agents Commission but much of that Commission goes back into marketing your home for sale you can read more about agent Commission in the link in the description you can also negotiate the duties of the real estate agent their duties include things like conducting an open house or sticking up for sale sign in your front yard if you aren't comfortable with any of the duties on the listing agreement ask your real estate agent to take them off before you sign one of the most important things to remember about a listing agreement is that it's a legally binding contract which means legally you're pretty much stuck in it...
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