Q: What is referred to as an exclusive listing?

A: Exclusive listings are often referred to as listings which are not entered on the Multiple Listing Service® (MLS®). There are 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) 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.