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NE Real Estate

NE Real Estate Unit 10

TermDefinition
buyer representation agreement RE prof acts on behalf of the buyer w/fiduciary responsibilities
open listing compensation is contingent on them selling property before the seller or another agent
exclusive buyer representation agreement buyer works w/only one broker
exclusive agency listing listing contract owner appoints a RE prof as their exclusive agent
multiple listing service (MLS) marketing organization to share their listing agreements
net listing net price the seller will receive
exclusive right-to-sell listing owner agrees to pay a commission when the property is sold by whomever
comparative market analysis comparison of the prices of recently sold homes
Created by: SevitaM
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