1,052,176
This is a trick question right? The person with the exclusive does.
Now did you bring the buyer? And are you and the agent w the exclusive in the same MLS? You may be entitled to the co- broke.
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John Mosier
Prescott, AZ
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Eve Alexander
Tampa, FL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Pete Xavier
Pacific Palisades, CA
613,494
An open listing means that anyone one can sell it...so if the seller signs an exclusive with another agent you are SOL...
Eve
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Kevin J. May
Hobe Sound, FL
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Barbara Todaro
Franklin, MA
5,583,278
the agent with the exclusive right to sell gets the commission.....
an open listing is an "empty bag"....
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Eve Alexander
Tampa, FL
1,525,616
That's why I don't take open listings.
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Eve Alexander
Tampa, FL
-
Joseph Domino 480-390-...
Scottsdale, AZ
5,216,353
The agent with the exclusive collects and the one with the open listing loses!
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Eve Alexander
Tampa, FL
1,153,794
Nothing if you were not the agent that brought the ready, willing and able Buyer to contract and if the Seller also has not accepted same. Open Listings afford no commission protection to any brokerage unless you provide that one simple facet.
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Eve Alexander
Tampa, FL
643,975
first question what happens?: You learn not to take open listings.
second question: ERS Broker is paid and Buyers Broker if applicable.
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Pete Xavier
Pacific Palisades, CA
2,390,155
I like Candice A. Donofrio 's answer. I've never done an open listing, I don't see much purpose in it.
-
John Juarez
Fremont, CA
-
John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
5,772,575
We agree with the ever so wise, Candice A. Donofrio .
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Candice A. Donofrio
Fort Mohave, AZ
679,404
Sorry, but the open listing is not the way to go. The Exclusive Listing wins.
-
John Juarez
Fremont, CA
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,781,123
One learns quickly learns about open and exclusive listings first hand
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
7,835,323
Go by the terms of your written agreement.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
921,504
The ______ ___________________ will take ____________________over the ______________ established by the __________________ and intention of _____________________ ___________________.
This response redacted becuase it is unknown if the one submitting the question has the knowledge, education or experince to use such information responsibly or understands the scope or terminology within the question properly. Solved with a profile.
Who is entitled to be paid is one question.
Who actually gets paid depends on the backbone of their respective broker.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Candice A. Donofrio
Fort Mohave, AZ
1,712,676
I have never done an open listing in residential real estate.
-
Michael Jacobs
Pasadena, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,882,355
If worth proceeding it would be time to lawyer up. For the record we don't do open listings.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
6,392,929
Next time it would be best to insist on an exclusive agreement like the other agent did.
unless you sold it or showed it to the buyer I dont see you getting any money here.
but talk to your broker, maybe your states laws are different.
-
Bob Crane
Stevens Point, WI
-
Bob "RealMan" Timm
Minot, ND
1,239,801
Rule number is never take an open listing. Even with exclusive listing if the sellers wants to cancel you should stipulate seller will pay you a commission if he chose to work with another person or agent.
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
711,752
I have never worked with an open listing as there is no guarantee you will get paid. We always use exclusive right to sell.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,104,931
What is an open listing agreement? Only an agent under an exclusive right to sell (operative words here -- exclusive right to seel) can sell and receive a commission.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,229,439
The Exclusive Right to Sell trumps the Open Listing Agreement in both of the states that I work in (NC & SC).
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
1,598,452
Always sign ER for sale.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
140,560
You are SOL my friend. Your seller met a "salesperson"
-
Bob "RealMan" Timm
Minot, ND
4,434,127
4,160,276
4,571,917
Hmm. A hypothetical question? Real life? School?
-
Bob "RealMan" Timm
Minot, ND
2,684,009
2,071,025
5,868,372
4,800,082
3,071,489
3,416,038
An open listing is just that. SO unless you stated in it that you get paid if anyone else sells it, you would have had an exclusive and got paid. But if you took a foolish open listing, instead of telling them why an exclusive is in their best interest having them sign said exclusive, you are out in the cold.
4,319,419
3,986,258
1,543,602
You get the lesson, they get the commission.
Why would you sign anything but exclusive?
482,547
I've heard of open listings but never seen one in our area. I don't know why anyone would be a part of one...
Bruce
86,514
You are out of luck brother! An open listing can be signed as many times to as many agents as the seller wants. There is NO notification needed if he sells it. Tell me this was NOT you!?