Without a definition of state, we do not have a clear basis for accepting or denying exclusive co-announcements in the MLS service in Massachusetts. It has been definitively suggested that, in order to bring the co-exclusives into the MLS, we should first decide, on a list-by-list basis, the terms of the listing agreement, so that we can preemptively consider the list as „open“ or „exclusive“ and hope that the courts would accept in the event of problems. The MLS Board of Directors has accepted the following request to accept exclusive underwriting rights from a broker, as required by the service`s current rules and regulations. The sellers are family members, one 90 years old and the other about the same. I know the family and I hope to help them make the deal, at least for the seller I represent. The owner died and left the property to these two 4 years ago, but the other seller did not cooperate. The lawyers have an agreement from her at that time, so maybe the agreement will be reached. Yes, both! Rest assured, there is absolutely nothing in state law or in our code of ethics that prevents any agency from entering into such an agreement on co-listing. It`s just an alternative business deal. Also remember that open listings are also valid under state law, the ethical and acceptable business method of working as a trustee of a real estate seller in Massachusetts. And as you know, each business model has its pros and cons, some are displayed in MLS, others are not. A: A co-listing agreement includes two real estate agents who both work to sell your property.
The two brokers would share an agreed commission. As Selfridge says @Georgia. Stay in constant contact with the other agent. If you have never worked with them, you should understand marketing and entertainment. I haven`t played with anyone outside of my broker, but we always coordinate. One person is responsible for setting up demonstrations, etc. There was a consensus that the service`s three co-exclusive offers can now remain unredealed for the duration of the original contract. Any listing broker can continue to use the co-exclusive list concept and extend these individual offers with sellers, but all references to the MLS deposit must be removed as the ad expires when the agreement expires. It doesn`t matter as long as the other guy/Gal is decent. Different ways of thinking tend to lead to fear. As a general rule, either agent will take the point (it only usually happens as well).
Never be negative about the other type/Gal to the customer. I know it should be self-evident, but sometimes it`s hard. I assume you are not in the same office. They`re going to be fine. Keep communicating. Yes, @James way, it was a lot more work than I expected. I`m glad I stayed there. Most of the agents would have given up, and my client would have been defrauded of her half. You can`t agree on which agent to use.
I can only imagine how difficult it will be when it comes time to negotiate the counter-offers.