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Seller Agency Services

Selling real estate involves a lot of paperwork, and the first few pages of the process will start with your real estate agent’s listing agreement. Often, this contract outlines an exclusive right-to-sell arrangement, serving to protect both seller and agent.

To get the best of our expertise, our default engagement type is the Exclusive Right to Sell/ Seller’s Exclusive Right to Sell agreement.

Exclusive Right to Sell / Seller’s Exclusive Right to Sell

This is our default type of engagement with clients.

In this kind of engagement, you’re agreeing to work exclusively with one agent for the purpose of selling your real estate within a defined period of time usually between 3 to 12 months.

A contractual agreement under which SOTE REAL ESTATE AGENCY acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the SOTE REAL ESTATE AGENCY, regardless of whether the property is sold through the efforts of the SOTE REAL ESTATE AGENCY, the seller(s), or anyone else;

And/or

Aa contractual agreement under which SOTE REAL ESTATE AGENCY acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the SOTE REAL ESTATE AGENCY regardless of whether the property is sold through the efforts of the SOTE REAL ESTATE AGENCY, the seller(s), or anyone else, EXCEPT THAT the seller(s) may name one or more individuals or entities as exemptions in the listing agreement and if the property is sold to any exempted individual or entity, the seller(s) is not obligated to pay a commission to the SOTE REAL ESTATE AGENCY.

Exclusive Agency Listing

A contractual agreement under which SOTE REAL ESTATE AGENCY acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to SOTE REAL ESTATE AGENCY if the property is sold through the efforts of any real estate broker. If the property is sold solely through the efforts of the seller(s), the seller(s) is not obligated to pay a commission to the SOTE REAL ESTATE AGENCY.

Non- Exclusive / Open Listing

A contractual agreement under which SOTE REAL ESTATE AGENCY acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to SOTE REAL ESTATE AGENCY only if the property is sold through the efforts of the SOTE REAL ESTATE AGENCY.

Our work involves some or all of the below duties;

  • We do a full walk-through and provide suggestions on how to clean, declutter, stage, and update to make the home more valuable.
  • Provide seller with referrals for contractors to perform suggested updates.
  • Help sellers stage the property if they decide not to hire a professional stager.
  • Hire a professional photographer to take photos of the property for marketing purposes.
  • Place professional signage at the property.
  • Help seller price home correctly to ensure it sells for the highest value in the quickest amount of time.
  • Develop marketing materials and a professional website with a virtual tour using professional photographs and often a video tour.
  • Host open houses and private tours of the home.
  • Ensure buyers are pre-approved for a loan or are financially stable.
  • Attend the home inspection and appraisal tours.
  • Negotiate inspection issues with the buyer’s agent.
  • Assist in solving any title issues.
  • Assist in coordinating communication between the title officer, seller, and buyer so that there are no surprises at the closing table.
  • Finalize loose ends before closing.
  • Assist with the closing process by making sure the seller has the correct documents and understands what they say.
  • Ensure the correct signatures are in the right places.
  • Earn between a 2% and 5% commission, depending on their agreement with the buyer’s agent (the seller usually pays a commission of 5% to 10%, which is then shared with the buyer’s agent).
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