Copyright 2006 -
You have the right to set the price at which the house will be listed and to decide on the price for which the house eventually sells. I will do market research and advise you on what I believe the current market value to be, but the final decisions are yours.
You have the right to decide on any price changes that may be made to the listing during the time that the house is on the market. Real estate agents do not have the authority to change the listed price without your written consent. I will always explain any changes to the listing that I believe that you should authorize and have you sign a Status Change Form.
You have the right to decide upon the showing requirements for your house, such as whether or not a lockbox with key will be placed on the house and how much and what type of advanced notice you will need before a showing. I will clearly explain your options and set up the showing instructions according to your decisions.
You have the right to decide whether or not you wish me to hold open houses for your house. I will make recommendations about the number, the length and the scheduling of any open houses, but you make the final decisions. Expect that I will want to do an open house at least once per month, perhaps more often.
You have the right to make the decision on whether or not to remain in the house during showings or open houses, but remember that potential buyers feel more at ease if the owner is not in the house at the time of their visit. Expect that I will ask you to leave when the house is being shown.
You have the right to remove your house from the market at any time or to refuse any offer. Remember, however, that if I have brought to you a full price and terms offer and you refuse the offer, you may owe me the commission that was agreed to in the original listing agreement. Also remember that according to Michigan law you may not discriminate against any buyers based upon race, color, national origin, religion, sex, marital status, height, weight, age, or physical or mental disabilities or familial status. Do not expect us to be a party to any attempt at discrimination.
You have the right to negotiate the occupancy deadline for turning over the house to the buyers. Remember that most buyers are anxious to take possession as soon as possible after closing and that you will effectively become a “renter” in your house after the closing and will need to pay rent for the time that you stay. Expect that I will recommend a very short timeframe for surrendering possession of the house after closing, usually less than one week and immediately after closing, if possible.
The listing agreement between us is a contract. In that contract I promise to perform certain duties to sell your house in return for your promise to pay a commission at closing. I will be making investments of time and money in the marketing effort, which I will only recover when the house sells. You should expect our best effort, however, if you are not happy with our performance of those duties, I expect that you will make a good faith effort with us to resolve the issues you have with our efforts. If I cannot resolve the issues, I will release you from the agreement.
The listing agreement between us is a contract. In that contract I promise to perform certain duties to sell your house in return for your promise to pay a commission at closing. I will be making investments of time and money in the marketing effort, which I will only recover when the house sells. You should expect our best effort, however, if you are not happy with our performance of those duties, I expect that you will make a good faith effort with us to resolve the issues you have with our efforts. If I cannot resolve the issues, I will release you from the agreement.
You have the right to professional real estate advice and to legal advice at the time that you consider any Offer to Purchase. This is the most critical point of any real estate transaction. When you sign the Offer to Purchase it becomes THE CONTRACT TO SELL YOUR HOUSE to the buyer. You should expect that I will provide our analysis of the offer and advice on whether to accept or counter the offer, but the final decision on whether to accept any offer is yours and yours alone. I will also advise you to seek the advice of a lawyer on any and all legal issues.
You should expect our best effort to perform the fiduciary responsibilities that I have to you to protect and serve your interests and keep safe any information that you share with us in confidence.
Go to Real Estate Agency and You to better understand Michigan’s laws concerning agency.
You should expect our best effort to perform the fiduciary responsibilities that I have to you to protect and serve your interests and keep safe any information that you share with us in confidence.
Go to Real Estate Agency and You to better understand Michigan’s laws concerning agency.
