Profile picture for user8588235

If I'm listed with a realtor, can I still sell my own house?

If I'm listed with a realtor can I also try and sell it myself or do I have to wait until it's no longer listed with the realtor. I am in Arkansas.
  • September 24 2013 - Jonesboro
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (11)

Your MLS accepts Exclusive Right-To-Sell listings, Lou? That's rather progressive. The NWMLS here in Seattle does not.
  • September 26 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for LonnieMintz
The quick answer is that it depends on the type of residential listing agreement you signed with your Realtor. Assuming you signed an "Exclusive Right To Sell" listing agreement then the brokerage that has it listed will get a commission if, and when, it sells during the duration of the listing agreement.   Whether a buyer comes from another agent, your agent or if you found the buyer, you would still be responsible to pay the commission.  I will add that I am a Realtor in Los Angeles, CA and the contracts may be different than those in Arkansas.  I sincerely hope this helps and best of luck with the sale of your home.
  • September 25 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Mack,

Yep - I've been involved with a handful - they all accept exclusive right to sell agreements.

Neeraj,

That's why I explained procuring cause as the part of the contract he's looking for. 

Perhaps I was foolish to assume that only two of the many types of potential contracts were used.  However, in failing to elaborate on every possible legal agreement when it comes to selling a home, I had done so under the assumption that procuring cause and commission stipulations are a universal medium in those contracts.  Hence, covering my basis.

Good point though.
  • September 25 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I'm curious - does anybody's MLS accept Exclusive Right-To-Sell listings? 
  • September 25 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Neeraj Jassal
That is some interesting commentary, Lou.

While you have done a nice job of interpreting what is written on standard listing agreements (which are written locally, not nationally), and with all due respect, are you suggesting that we may only use the state provided forms to gain an agency relationship with the consumer?  Because that is certainly not true.  For example, have you ever heard of an "open listing"?

Even if a state provided form is used, everything is negotiable - statements may be crossed out and/or added - and only what is mutually agreed upon is what remains in effect.  That said, a handwritten agreement including a scenario suggested by the OP is still enforceable and may indeed exist. 
  • September 25 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Sigh, the amount of misinformation here is staggering.  Some agents really need to go back to school.

You need to find out if your listing agreement is an Exclusive Agency Agreement, or an Exclusive Right to Sell agreement.

What you're looking for is procuring cause - who gets paid when a ready willing and able buyer is found.

In an exclusive right to sell agreement, the agency has the sole right to sell your property, and even if you do the work yourself - finding a ready willing and able buyer, the agency is still fully entitled to the stated commission.

In an exclusive agency agreement, your agency only has the right to market your home as theirs (list it).  If they find the procuring cause, they get paid.  If you find  the procuring cause, you may deny them the commission.

You need to read your contract and figure out what you signed.  And let this be a lesson, READ and UNDERSTAND every single legal document you ever put your signature on from here forward. 

Also, yell at your agent.  They should've explained this to you clearly.

Good luck!
  • September 25 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

When you list with a broker, you're giving them the right and responsibility to market your property, and the exclusive right to a commission. So you absolutely can support that by marketing it on your own, or piggy-backing on the broker's marketing, but you can't circumvent your commission agreement. 
  • September 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If you are currently listed with a Realtor and have a compensation agreement - even if you sell your home without their assistance you may still owe them the commission.

Read your agreement.  Most agreements also contain a clause whereby if after the listing agreement expires, and you sell the property to a buyer who toured the home while it was listed in the 180 days after it expires- you may still owe the Realtor a commission.
  • September 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

It looks like you are in Jonesboro, Arkansas.  The key word here is negotiate. You can negotiate the terms of the listing agreement, and the commission.  Interview 2 or 3 recommended Realtors, see what they say about your goal.  There are full service listings, and there are limited service listings, there are also companies that you can pay to have it on the mls, where all the Realtors shop for their buyers.  And so long as you are paying a Buyers Agent Commission they will all be trying to sell for you.  But if you sell it first, you are free from paying a Realtor and have not wasted any Realtors time. Realtors Love Opportunity! Remember Price is everything theses days.  Price it "IN" the market, not "OUT" of the market. Best wishes.

    
  • September 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Neeraj Jassal
You should discuss that scenario with your agent.  If you both agree that your agent will market it and that you may have exclusive parties, it should be put into writing in order to clarify.
  • September 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Outer Banks N C
It depends on what type listing agreement you have with the company that has the listing. If it is an Exclusive Right To Sell listing then the company that has it listed will get a commission if it sells, regardless how it sells or by who.
  • September 24 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.