B. No agreement to pay compensation for listing or selling brokers (s); I am a homeowner who, at the moment, has a compensation agreement for my house. I have not yet signed the agreement, but I would like to give your opinion on the following: 1. What is the acceptable commission? He`s asking for 5%. I think 2.5% is acceptable 2. The 4-month time line. I think it is too long. The market is really warming up my field. A house will leave in 10 to 15 days. 3. The broker will act as a dual agent.
Is that acceptable? Is a one-party compensation contract Standard Form in California. Your answer is very much appreciated.  Note: Oregon law provides that the payment of compensation alone does not create an agency or trust relationship. [See ORS 696. 840.] It is imperative that real estate professionals understand that commission agreements cannot and should not be entered into a sales contract or counter-offer! Paragraph 18. A. of the home purchase contract (ARA) clearly refers to the brokerage award and stipulates that the brokerage award is defined in a «separate written agreement». Partly because in the above scenarios, the broker/seller is not automatically entitled to compensation! Second, what is the exclusive right to sell the list? Exclusive right to sale: A contractual agreement under which the listing broker acts as an agent or as a legally recognized non-agency representative of the seller and the seller (s) agrees (s) to pay a commission to the listing broker, whether the property is sold through the efforts of the single agreement a), is a commission agreement signed between a broker representing a buyer and an owner. Thank you jeff for your presentation. I have never heard of the agreement on compensation for the various parties, but I will start by using it. I have a buyer who wants to buy in a particular neighborhood where there are rarely offers. Where can I find a copy of the agreement? Andrew has.
No underlying agreement between sellers and brokers in terms of price and conditions; 3) Often describes what I call the «imaginary list» – Remember, neither the act of representing a property nor writing an offer on behalf of the buyer gives the broker the right to compensate – even if the offer is accepted by the seller. For example, Mr. and the woman`s seller are trying to sell their home, and Broker A, as a brokerage agent, tells them that they have a buyer looking for the type of property that the gentleman and wife seller sells. However, Broker A will not introduce his buyer-client into the property, as she does not have a written agreement with them to pay him a commission at the time of the sale. On the contrary, it may propose that Mr. and the woman`s seller enter into a list agreement of a party for a limited period, which provides that if the broker buys clients of the house, then sir.