Three Critical Terms to Include

in ANY  Listing Agreement

A Residential Listing Agreement is a standardized form that the Texas Real Estate Commission (TREC) provides, which a real estate agents will sign with a seller. However, the form doesn’t cover every potentially problematic situation. So, it’s extremely important you to include these three special provisions:

 

1. Cancel Any Time / No Obligation

A “nightmare” scenario for any seller is a bad agent who has a great sales pitch. You find out only after signing the agreement that the bad agent is lazy, incompetent, dishonest, or any combination of these bad qualities. If you’ve signed an agreement without an "easy exit", the agent can force you to list with him/her through the entire term of the agreement. A good agent will continue to prove their value, so is very comfortable to include an easy out “cancel any time” provision in their listing agreement.

2. No “Double Ending” a Transaction

A typical listing agreement is for a 6% total commission. The listing agent earns 3% and the buyer’s agent earns 3%. What happens if the buyer doesn’t have an agent? Sometimes, an agent will represent both parties in order to earn the full 6%. Great for the agent, right? It’s also a huge conflict of interest. Because of this, it’s very important to add a clause that stipulates the agent can earn no more than the 3% seller’s representation commission.

3. Sell Your Home for Free

You’re hiring a REALTOR to help you sell your home, but what if you sell your home? Sometimes, sellers get really lucky and a friend, neighbor, or family member wants to buy their home after they’ve signed a listing agreement. This good luck shouldn’t translate into an easy commission for the agent, which is why you should always include a provision that outlines exactly what will happen in this scenario.

Eric Bramlett’s contracts include all of these from the start. We are confident we can sell your house and are committed to doing so ethically.
If you are ready to sell and would like a free, no obligation (and no-spam) assessment of your homes value, contact us now.
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Saran V.
“I contacted Eric when my first realtors (another agency) failed to produce results. I asked his opinion and he gave me the true feedback I needed to make a decision. He was very professional and no pressure. A few months later, when it was time to list our house and get it ready for market, he gave us the constructive feedback I wanted so we could make the business decisions to sell our home...The entire team had excellent customer service experience. I highly recommend Eric for buying or selling your home in the Austin area.”
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Ken P.
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Eric Bramlett has won the Austin Business Journal's Top Realtor® Award for 5 Years, from 2014-2018.
Our clients sell their home 30% faster and for 15% more than average agents.
 
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