1. The listing agreement
The listing agreement is the contract between you and our brokerage. It should clearly set out both sides' rights and obligations, and describe your property accurately. It covers:
- Our compensation and the term of the agreement.
- The list price.
- Mortgage details: balance, payments and maturity date.
- An accurate description of the property.
- Annual property taxes.
- Any easements, rights of way, liens or charges on title.
We will also talk about disclosure. Sellers must not hide material facts that could affect a buyer's decision or the price, and many post-sale disputes come from defects that were not disclosed. Being open up front protects you.
