Seller Resources
Frequently Asked Questions
Q: What is referred to as an Exclusive Listing?
A: Exclusive listings are often referred to as a listing which is not entered on the Multiple Listing Service and are not accessible by the MLS network. There exists various types of Exclusive Listings so be sure to ask your Realtor to explain the specific terms and limitations of each type.
Q: Can I cancel my listing at any time?
A: No, a listing contract between you and the brokerage (company) and creates a legal and binding obligation on both parts. If you have concerns or problems, discuss them with your REALTOR® or their broker.
Q: When my listing expires, how long do I have to wait until I can sell my home?
A: You can sell at any time after the listing expires, but bear in mind that you may still have to pay remuneration. Check with your REALTOR® to clarify any holdover clauses in your contract.
Q: What is the remuneration rate?
A: Remuneration rates are negotiated at the time your listing contract is signed and determined individually by each brokerage.
Q: If I receive an offer I don’t like, do I have to counter it?
A: No. You have the choice of accepting, rejecting, or making a counter-offer. Your Realtor will guide you on the best available options.
Q: Do I have to use a lawyer?
A: Although not required, using a lawyer is highly recommended.
Q: Why should I use a REALTOR®?
A: A REALTOR® can help you to not only get a better price for your home, but also make the whole process easier and reduce your risk in the transaction. Read more in the "Why Use A REALTOR®" section.
