23 Feb 2008 03:21:29 | Paul Martin
About Listing A Timeshare For Sale
Understanding the consequences of various types of listings
There are basically four types of listings used by licensed
real estate brokers.
1. Non-Exclusive Listing
This is the least restrictive type of listing to the seller,
and the type we recommend for timeshare listings. The seller can
list with any number of brokers and if it sells, the listing is
null and void to the other brokers. Our philosophy is, "may the
best broker win."
2. Exclusive Right to Sell. Also known as an Exclusive Listing
With the type of listing, the seller is giving the broker the
exclusive right to sell the property. If it sells, no matter who
sells it, whether it is sold by the owner himself or any other
broker, the listing broker is due a commission. If an outside
broker sells it, the seller is liable for two commissions, one
to the listing broker, and one to the broker who procured the
buyer.
Great consideration should be given before entering into an
exclusive listing, because it is the most restrictive listing to
the seller. Given to the wrong broker, it just ends up tying up
the property without selling. Timeshares are so difficult to
sell, we recommend not giving only one broker the exclusive
right to sell it. This type of listing mainly protects the
broker. The seller is not allowed to list with other brokers or
sell it himself without owing the broker a commission.
3. Exclusive Agency
This type of listing gives the right to sell to only one
agency. The seller can sell on his own, but not through any
other broker, without the liability of paying a commission to
the listing broker if the property is sold. Again, this is a
very restrictive listing to the seller.
4. Net Listing
In a net listing, the seller agrees to a net price on close of
sale, and the broker can keep any amounts in excess of that net
amount regardless of the ultimate sales price. While not
illegal, the net listing has led to numerous abuses and
misrepresentations. As a result, the real estate department of
most states discourages them and requires full disclosure of the
final selling price to the seller and buyer.
http://www.howtosellmytimeshare.com
About Author :
16 year veteran of the timeshare industry reveals all tricks and
secrets used by the big companies to help sell your timeshare
fast and profitably.
