Tag Archives: Listing
Cancellation Fee: Some real estate firms charge a fee if the seller cancels the listing. It may be called a liquidated damages fee, cancellation fee, or an exit fee. You should not have to pay a fee if the Realtor does not provide the services promised.
Exclusion Clauses: If you already have identified a buyer who has expressed interest in purchasing your home, do not wait to put the home on the market until that buyer makes a decision. You could lose valuable marketing time. Instead, ask the agent for an exclusion for ten days to attempt to close the buyer.
Once you have selected an agent, you will need to complete and sign several documents in order to list your home for sale. Most states require a consumer notice that explains how an agent works for you, a seller’s property disclosure statement, a closing cost estimate, and a listing contract. Some states or municipalities require more paperwork or less.