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Q. What if we try your service
and later decide to list with a full service broker?
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A. If you decide, for any reason, that this program is not for you, you are able to
cancel, with no obligation. In addition, our office is "a full-service real
estate brokerage." We offer a full menu of real estate brokerage services -
just like any other real estate broker. At your request, we would shift
you to our full service program without interruptions or delays. |
Q. Suppose we find a buyer on our own, do
we still pay a commission?
A. No. You pay a commission
to a buyers agent "only" if the agent brings you a buyer and
you accept their offer. If you find a buyer on your own, you pay no commission.
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Q. What not just Advertise "I work with Agents?"
A. Your advertisement stating that brokers are welcome is not enough to expose your property to
the thousands of agents that work your area. Agents who work with "Buyers" study the MLS...not the daily newspaper.
Agents don't peruse the paper to see
who
"HAPPENS" to be offering a commission. Because you are not on the
MLS, an agent could
drive into your neighborhood with a buyer and not even know that you are willing to work
with them.
• Once your property in placed in the MLS, agents know that they are
protected. Otherwise agents would be forced to get an agreement from the
seller and then get a separate agreement from the buyer to show a FSBO property.
All this is equals too much work for the agent ESPECIALLY when there are "already" numerous properties available on the MLS.
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Q. How long does it take to get listed?
A. Your property
would immediately be listed on our web site as soon as you activate it by
code. Concerning your local MLS, that would depend on your local MLS policy
and affiliate response time. Depending on which area of the country you are
in, and whether or not an affiliate is available, your home can be up on the MLS in
as little as 1 business day. Realtor.com within 2-3
business days. NOTE: An agent would contact you and a listing
agreement would be signed by the seller and faxed back before your property
would be listed in your local MLS. Different Boards have different policies
regarding selling disclosures.
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Q. What kind of contract is used when an offer is made?
A. All Real Estate agents present offers "directly" to the Seller. Residential contracts used by Realtors are
what are known as AR/BA contracts. AR/BA stands for the Association of Realtors (AR) and the Bar Association
(BA).
They are very simple to read
and easy to use.
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Q. We have
to leave the area (job transfer, etc.).... How will our property be shown?
A. We offer
electronic lock boxes for showing your home and keeping it secure. All
member agents of the MLS have a programmable tracking key that is
connected to a mainframe computer. Each agent who shows your house, is
tracked through the mainframe computer. Furthermore, each agent who shows
your house will contact you prior to showing.
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Q. Suppose
I'm not comfortable with handling the contract or managing the transaction?
A. Buyers
agents and title companies typically handle deposits. These monies
are held on behalf of the buyer and seller. If you want someone to
manage the transaction through escrow, we would charge
only 1%.
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Q.
Who determines the "Buyer's Agent" Rate?
A. The Seller sets the rate. If
you, the Seller, offer 2% on the MLS, then that is the agreed upon rate for
bringing a buyer and closing the transaction. If you the seller want to
offer 3% then that is the agreed upon rate.
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Q.
Suppose we decide not to sell or withdraw?
A. Should you decide that you no longer want to be on the market,
you can cancel your listing at anytime with no penalty.
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Q.
What is an open listing?
A. An open listing is one where the
seller has the option of selling themselves without the obligation of paying
a commission. In other words if the seller finds a buyer, without the aid of
an agent, they are under no obligation to pay anyone a commission.
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Q.
How does the free option work?
A. Our company encompasses affiliated real estate service providers and allows us to capture business that naturally
surrounds a real estate transaction. When you use our affiliated companies
to consummate your transaction we make the listing available to you for
free. All Affiliate services are very competitive in pricing so you end up
saving quite a bit of money.
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