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@gillianperkins4946
4 жыл бұрын
I sold a ranch in western Nebraska under an open listing. Since there are only a couple of brokers out where we are, the seller decided to hire all of us. It was confusing at first, but after we filled in the blanks it totally made sense from the sellers perspective. Great video!
@leteriaquisenberry6257
2 жыл бұрын
Good stuff! Simple and straight to the point! Thank you from Ga!
@Nanaababy318
2 жыл бұрын
What would end listing contracts?
@TheRealEstateClassroom
2 жыл бұрын
It expires, mutual consent by broker and seller or a material breach
@anthonygutierrez7092
4 жыл бұрын
Do all Listing contracts have to be in writing ? Or can they be implied or expressed such an agency relationship?
@TheRealEstateClassroom
4 жыл бұрын
Under the statute of frauds all real estate contracts must be in writing to be enforceable with the exception of a residential lease agreement of 1 year or less. Thank you for the question, Anthony. Best of luck with your studies...
@jennavonnphotography2065
3 жыл бұрын
I am studying for my state exam and this video was very helpful! Thank you!
@TheRealEstateClassroom
3 жыл бұрын
Glad it was helpful!
@rachaelhylton4370
Жыл бұрын
At 6:08, that was a question on the exam and the answer format was where you had to choose what type of contract it was
@TheRealEstateClassroom
11 ай бұрын
Right on!
@ednafernandes9017
3 жыл бұрын
You are top-notch, thank you so much!!
@TheRealEstateClassroom
3 жыл бұрын
Hi Edna... thank you for the kudo's AND taking the time to leave a comment! MUCH appreciated!
@Jjdig191
3 жыл бұрын
Thanks for these videos bc of it, I passed the RE exam
@TheRealEstateClassroom
3 жыл бұрын
Hi Jamie... CONGRATULATIONS!!!! Welcome to the real estate industry... Thank you for letting us know as well. I wish nothing but the best of luck in your new career. It's rough the first year or so but stick with it and you will be rewarded.....
@jamiquesmith8425
3 жыл бұрын
Great video! Thank you for the explanations.
@TheRealEstateClassroom
3 жыл бұрын
You're welcome!
@ervinlosha1333
3 жыл бұрын
you are the king of real estate
@TheRealEstateClassroom
3 жыл бұрын
LOL... I don't know about all that but thank you for the kudos... much appreciated
@sandracastillo5664
4 ай бұрын
Always always you make it very well!! 4 years and its a good video about listing contracts😊thank you.
@TheRealEstateClassroom
4 ай бұрын
Glad it was helpful! Thank you for leaving a comment... keep on studying ;o)
@ishitabandyo8233
Жыл бұрын
HI! When do the broker gets paid? At closing or when the broker/agent procures a willing ,ready and able buyer? Ty
@TheRealEstateClassroom
Жыл бұрын
When the transaction is consumated (closed) or terminated (canceled).... A broker can receive commission upon closing the deal or if the contract is cancelled....
@TheCapoeiraExperiencePodcast
3 жыл бұрын
On the part of listing contracts, on #6, if the house/property is in a trust account with multiple beneficiaries and only one person wants to sell the subject property, does this person needs a signature from the other people in the trust to be able to sell this house???.... Thank you very much for all you do!
@DraGnFly007
2 жыл бұрын
Yes.
@christopherpeter617
3 жыл бұрын
Option contract is binding to the optionee or the optionor?
@TheRealEstateClassroom
3 жыл бұрын
It is binding on the OPTIONOR... The OPTIONEE can either exercise the option meaning go forward with the purchase or they can walk away. The OPTIONOR (owner of the property) is bound whereby they can't sell the property to anyone during the option period. That's why an Option COntract is a Unilateral Contract
@dannygeed8350
4 жыл бұрын
Seriously, who would do a net listing? Seems to me there's some fraud going on.
@TheRealEstateClassroom
4 жыл бұрын
That is why it's illegal in many states. Thanks for commenting 👍
@kurtfleming4834
4 жыл бұрын
Is the seller ever required to pay a commission if the property does not sell, or the seller backs out?
@TheRealEstateClassroom
4 жыл бұрын
Hi Kurt. Well that depends. Typically no, if the property doesn't sell no commission is owed. However, if the seller intentionally prevented the brokerage from showing the property then a broker could have a legal claim to a commission. Now, if a seller simply backs out of a purchase offer, changed their mind so to speak, then depending on how the listing contract is structured, yes the seller would owe a commission. One last point, it is common in say commercial real estate where if the property does not sell or isn;t leased, the owner may owe the brokerage money for expenses such as reimpursement for advertising an marketing. All depends on the listing contract.
@stephaniedblendo1081
4 жыл бұрын
Net listings should be illegal!
@TheRealEstateClassroom
4 жыл бұрын
They are in many states
@sohaibahmed226
2 жыл бұрын
Thanks good video I like how you clearly explain all the points! Major help
@rachelsudhakaran4650
3 жыл бұрын
Would "sale by owner" be a flat fee listing? A seller just needs the brokerage to do the closing paper work?
@TheRealEstateClassroom
3 жыл бұрын
The actual definition of what a flat fee listing broker is really subjective and means different things to different folks. But generally, it's a broker that charges a flat listing commission... say $1,000 on the listing side PLUS a cooperating broker pay out...
@DraGnFly007
2 жыл бұрын
Would this be a transaction broker treating seller as a customer?
@stephencabral3837
10 ай бұрын
Thank you so much and keep up the good work
@TheRealEstateClassroom
10 ай бұрын
Thank you
@thehenrystevens
2 жыл бұрын
Add this to agency playlist! plz!
@TheRealEstateClassroom
2 жыл бұрын
Ok... :o)
@Patricia-nu8vc
9 ай бұрын
Thank you from all the way from the U.S. Virgin Islands. Your. Videos were instrumental in helping me pass on my second attempt.
@TheRealEstateClassroom
8 ай бұрын
@Patricia-nu8vc The Virgin Island>... Would love to visit there! Where is the best place to stay? Thanks for leaving me a comment!!!😁
@VibewithDay
2 жыл бұрын
Great video!!!
@TheRealEstateClassroom
2 жыл бұрын
Thank you
@happieslime4976
Жыл бұрын
would be so kind when righting on the board could like move to the opposite side you have not written on.
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