Your Guide to Listing Agreements: Selling Homes Made Easy
Jasmine Bell December 29, 2024
Jasmine Bell December 29, 2024
Selling a home involves several important steps, and one of the first is signing a listing agreement with a real estate agent. This contract outlines how the property will be marketed and sold. Here’s a straightforward overview of what to know about listing agreements when working with an agent in Hawaii.
A listing agreement is a contract between a seller and a real estate agent. It allows the agent to represent the seller and market the property. The agreement sets the sales price and details the services the agent will provide, along with how they will be paid. Agent compensation is negotiable, giving sellers flexibility.
There are several types of listing agreements:
Exclusive Agency Listing Agreement: The seller works with one agent and pays them only if that agent sells the home. The seller can also sell the home independently.
Exclusive Right-to-Sell Listing Agreement: The seller works exclusively with one agent and must pay them no matter who sells the property.
Limited-Service Listing Agreement: The seller hires one agent who provides limited services, such as marketing on an MLS, but may not assist with showings or negotiations.
Non-Exclusive Listing Agreement: The seller can work with multiple agents and pays the agent who sells the home.
The listing agreement will specify how the agent will market the property. This can include listing on the MLS, offering seller concessions to attract buyers, or providing compensation to buyer’s agents.
Offering compensation to buyer’s agents is not mandatory, but it can help attract more potential buyers. Sellers can discuss strategies with their agents to find the best approach.
Working with a REALTOR® ensures professional support throughout the selling process. REALTORS® follow ethical guidelines that prioritize their clients' interests, offering valuable insights into the market.
At Hawai‘i Home Group, exceptional negotiation skills deliver outstanding results for both buyers and sellers. In 2023, when representing sellers, homes were sold for an average of 7% more than the competition, with deals closing in just 22 days—17 days faster than the direct comparables. The team excels at crafting personalized strategies that not only meet but exceed client expectations, ensuring the best value and the smoothest experience. With a proven track record of success, every transaction is backed by expert guidance and unwavering dedication. Whether buying, selling, or investing, goals are consistently surpassed, transforming real estate dreams into reality.
Understanding listing agreements is essential for home sellers in Hawaii. By choosing the right type of agreement and collaborating with an experienced agent, sellers can successfully navigate the market. For tailored support and guidance in selling a home, Hawaii Home Group is dedicated to helping families achieve their real estate goals smoothly.
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We have 10 years of professional real estate experience. We love to help families, veterans and first time home buyers buy and sell. We both relocated to Oahu with our fur babies, to follow our dreams and live the Hawaii livestyle. Both of our families have deep roots in real estate, providing us strong real estate foundations.