Before MLS Real Estate listings existed, the listing was just with the agent or broker per the contract. During the protective period after the expiration of the contract, the agent was entitled to their commission to any buyer that the agent had showed the property to. And at the expiration of the contract, the agent had to give the seller a list of all the people to whom she had shown the property. I know this was the way it worked in 1968 as I had a deal like this then.
Who are protected under current procedures, the listing agent named on the contract or does it include all the agents that work for the named agency on the contract? Do the agent and agents that work for that named agency have to give a list of people to whom they showed the property to the seller at the expiration of the contract? Actually the agents have protection to anyone they have had conversations with about the sale of the property.
Any help will be greatly appreciated.
Thanks,
Mtnsmith
Who are protected under current procedures, the listing agent named on the contract or does it include all the agents that work for the named agency on the contract? Do the agent and agents that work for that named agency have to give a list of people to whom they showed the property to the seller at the expiration of the contract? Actually the agents have protection to anyone they have had conversations with about the sale of the property.
Any help will be greatly appreciated.
Thanks,
Mtnsmith