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Exclusive listings. Why 90% get the term wrong.

do you know the difference between:

Ecclusive agency

Exclusive right to sell

Open listing

Excluseive right to sell with a waiver of broker cooperation?

Maybe its time to revisit the text book. You would be surprised to see how many do not know the difference. as the season slows down maybe its time to try for your broker's license? The Best School of Real Estate offers the 150 hour course. Start now and you could have your brokers license before the end of the year.

Posted by Bruce Parker on 10/08/2007 05:04 PM

Comments (4)

school, exclusive listing, law, training, brokers license

4 Comments on Exclusive listings. Why 90% get the term wrong.

Bruce - The reason why many get it wrong is because the meaning has changed over the years. The term "exclusive listing' meant something totally different when i got in the business 22 years ago than it does now. I still meet many consumers that don't understand our lingo because few of them know it has changed.

10/08/2007 05:11 PM

by Bill Gassett Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)

It never ceases to amaze me at just how little some agents know about their career.

10/08/2007 05:32 PM

by T.U.P. Realty

The funny thing is that a new agent coming out of licensing school is so quickly polluted by more tenured agents who do not know their butt from their elbow. New Jersey does not have continuing education requirements. I think there should be tougher testing and continuing ed. There are way too many agents out there period.

10/08/2007 07:01 PM

by Bruce Parker (Best School of Real Estate)

Bruce,

You are right about that, I have seen that some agents do not know the meaning, good topic :) keep the good blog :)

ray saenz

10/08/2007 11:54 PM

by Aurora Colorado Real Estate Ray Saenz, Colorado Realtor (United Property Brokers, INC)