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30 Year FRM 5.97% -0.07%
15 Year FRM 5.74% 0.01%
1 Year ARM 5.18% -0.11%
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Multiple Realtors to Sell Your Property
Q: Can you have multiple realtors when selling your home? If so, how does this work? And who would get the commision?
  • The answer is yes and here is how you do it. First you would have to find a Realtor that would be willing to take an "Open Listing". In an open listing you hire a Realtor that simply lists your property in the local MLS. The open listing agreement is a non exclusive agency meaning that you are not obligated to pay the listing agent commission unless he procures the buyer.

    In the MLS listing you may offer a commission to the "selling agent" (buyer's agent). Typically the commission offered to the selling agent is 3%. You may offer less such as 2.5% or less, however you may not get as many showings of your home from Realtors with a reduced commission.



    Answer Submitted on Tue, Dec 18 2007

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    Answer Contributed by: Mark Cappelletti
    Mark Cappelletti
    Cappelletti Wealth Creation and Preservation
    760-871-1658
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