Paul

Author's details

Name: Paul
Date registered: March 13, 2011
URL: http://realestateanswersblog.com

Latest posts

Which is better, a 15-year mortgage or a 30-year mortgage? — May 10, 2011
What are the hidden costs of owning a home? — April 29, 2011
What’s in the news for April 29, 2011? — April 29, 2011
What is the Pending Home Sales Index? — April 28, 2011
What’s in the news for April 28, 2011? — April 28, 2011

Author's posts listings

Apr
21

What’s in the news for April 21, 2011?

Today's Real Estate News

by Paul

Ohio and Maine Report Lower Sales and Prices Across the state of Ohio, home sales in March were down 8.2% and prices were down 11.5% vs. March of 2010. Agents in Ohio are said to be “encouraged” by these “relatively steady” numbers. If 10% drops are reason for encouragement, that certainly sheds light on the overall …

Tags: Fannie Mae, Florida, Freddie Mac, Maine, mortgage, Ohio, short sale

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Apr
20

What’s in the news for April 20, 2011?

by Paul

Home Sales Up, Prices Down The National Association of Realtors (NAR) reported that the number of existing homes sold in March was up 3.5% versus March 2010. However, the median home price fell 5.9% to $156,900. Read more here. Connecticut Looks to Change Homeowners Insurance Laws The state House of Representatives in Connecticut is considering a …

Tags: Connecticut, homeowners insurance, MBA, mortgage bankers association

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Apr
19

What is dual agency?

by Paul

Dual agency is the situation in which one real estate broker represents both the buyer and the seller in a real estate transaction. Provided that both the buyer and the seller are aware of the situation and agree that they are willing to be represented by the same broker, dual agency is legal in most …

Tags: buyer representation agreement, clients, commission, confidentiality, conflict of interest, dual agency, intermediary, listing agreement, real estate broker/agent/salesperson, Texas

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Apr
19

What are the six most important provisions of a listing agreement?
Number 1…

Selling a Home

by Paul

Number 1: The type of listing agreement. The three main types of listing agreements are exclusive right to sell, exclusive agency, and open listing. The type of listing agreement determines when your real estate broker is and isn’t entitled to be paid a commission when the house sells. Click each of the links to read …

Tags: commission, exclusive agency, exclusive right to sell, listing agreement, open listing, real estate broker/agent/salesperson

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Apr
19

What are the six most important provisions of a listing agreement?
Number 2…

Selling a Home

by Paul

Number 1: The type of listing agreement. Number 2: The real estate broker’s commission. This is how the broker is compensated for marketing and selling your home. This is often expressed as a percentage of the sale price of the home. Generally, from the seller’s perspective, the lower the percentage the better—but also remember the …

Tags: commission, listing agreement, real estate broker/agent/salesperson

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Apr
19

What are the six most important provisions of a listing agreement?
Number 3…

Selling a Home

by Paul

Number 1: The type of listing agreement. Number 2: The real estate broker’s commission. Number 3: The level or types of services that the real estate broker is committing to provide you. In the past, nearly all brokers were “full-service” brokers who provided myriad services for a relatively high cost. However, recent years have seen the …

Tags: client, commission, discount broker, full-service broker, limited service broker, listing agreement, listing broker, real estate broker, Texas

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Apr
19

What are the six most important provisions of a listing agreement?
Number 4…

Selling a Home

by Paul

Number 1: The type of listing agreement. Number 2: The real estate broker’s commission. Number 3: The level or types of services that the broker is committing to provide you. Number 4: The term of the listing agreement. This is the length of time that the agreement is in effect. Generally, listing brokers prefer longer …

Tags: days on market, DOM, listing agreement, listing broker

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Apr
19

What are the six most important provisions of a listing agreement?
Number 5…

Selling a Home

by Paul

Number 1: The type of listing agreement. Number 2: The real estate broker’s commission. Number 3: The level or types of services that the broker is committing to provide you. Number 4: The term of the agreement. Number 5: The protection period. A more accurate phrase is “broker’s protection period” because the protection period solely …

Tags: commission, listing agreement, listing broker, protection period

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Apr
19

What are the six most important provisions of a listing agreement?
Number 6…

Selling a Home

by Paul

Number 1: The type of listing agreement. Number 2: The real estate broker’s commission. Number 3: The level or types of services that the broker is committing to provide you. Number 4: The term of the agreement. Number 5: The protection period. Number 6: The listing price. The price shown in the listing agreement should …

Tags: listing agreement, listing price, real estate broker/agent/salesperson

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Apr
13

What is an open listing agreement?

by Paul

An open listing agreement is a listing agreement that lets the seller hire more than one listing broker. For example, the seller signs an opening listing agreement with ABC Realty Company and then also signs an open listing agreement with XYZ Realty Company. Both companies are marketing the home at the same time, and whichever …

Tags: commission, exclusive agency, exclusive right to sell, listing agreement, listing broker, MLS, open listing, Realtor

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Independent, unbiased answers about residential real estate.

Paul

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Author's posts listings

What’s in the news for April 21, 2011?

What’s in the news for April 20, 2011?

What is dual agency?

What are the six most important provisions of a listing agreement?
Number 1…

What are the six most important provisions of a listing agreement?
Number 2…

What are the six most important provisions of a listing agreement?
Number 3…

What are the six most important provisions of a listing agreement?
Number 4…

What are the six most important provisions of a listing agreement?
Number 5…

What are the six most important provisions of a listing agreement?
Number 6…

What is an open listing agreement?

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