A listing agreement is a written contract with the real estate agent who will market your home. The contract will help protect both the customer and the realtor.

Listing Period Duration – The length of time you are legally obligated to your current realtor.

Commission – It is understandable in any industry, including realty, the amount of commission is proportional to the service received. The realtor will not receive his or her commission until all of the contractual obligations are met (including finding a buyer).

MLS (Multiple Listing Service) – This will authorize your agent to post your home on the MLS database. This electronic database is a shared resource used by all agents and can deliver your home to a large number of potential buyers. The database is open to the public and allows others to view the basic details about your house.

Price – Both the desired and the minimal acceptable sale price should be specified.

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