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Level of Control On a Listing Agreement
The level of control on a listing agreement is the form used when specifying the level of control the real estate agent has over a listing. The terms are outlined in the form's title and language. This agreement outlines what an agent can and cannot do with a listing. It also protects the real estate agent's interest in the sale. The form outlines if the agent can hold an auction to sell the property. If it allows an auction, it provides terms for the sale. Other details can include whether it's a sole agency or an open listing. It outlines how long the real estate agent has the listing. It shows commission levels and whether the real estate agent can reassign the listing to another agent while it is active.