2,803,640
Hi William Collins
Most will say this is nothing more than a pocket listing, an effort to keep the entire commission for the listing office. And I agree.
Some may argue "What if?" an office exclusive listing can offer the Seller a lower commission, since there will be no "Other Side" broker involved. But that is rarely the case.
If I have a Fiduciary with a Seller, it is in his/her best interest to expose the property to as many Buyers as possible.
Yes, there may be some exceptions including high-end properties and luxury homes.
But for the average residential property, the Seller needs to get as many eyeballs on the page as possible, and as many qualified feet in the door as are necessary to get a highest and best offer.
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John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox, Retired Brok...
Denver, CO
-
Nina Hollander, Broker
Charlotte, NC
-
Brian England
Gilbert, AZ
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
-
Candice A. Donofrio
Fort Mohave, AZ
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
1,786,582
Unless your office has every Top Producer in your county
under one roof and...
If you want to limit your listing's exposure and possibly violate your fiduciary duty, go for it! Otherwise...I'm thinking like
P.T. Barnum who said...
"Without promotion, something terrible happens... nothing!"
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brian England
Gilbert, AZ
-
Joan Cox, Retired Brok...
Denver, CO
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
-
Richie & You
Cedar City, UT
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Thomas J. Nelson, REAL...
San Diego, CA
1,192,162
We just keep getting further and further from the true spirit of the MLS. We can't show splits. We don't share listings. What's next?
-
William Collins
Scotch Plains, NJ
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Brian England
Gilbert, AZ
-
Kris Collis
Clarks Summit, PA
-
Adam Feinberg
Manhattan, NY
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
974,178
Not a fan. Just another way around Clear Cooperation.
-
William Collins
Scotch Plains, NJ
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Brian England
Gilbert, AZ
-
Kris Collis
Clarks Summit, PA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Katina Hargrove 352-55...
Eustis, FL
-
Bob "RealMan" Timm
Minot, ND
2,908,414
I think it's NOT the best thing for the Seller William Collins
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Brian England
Gilbert, AZ
-
Joan Cox, Retired Brok...
Denver, CO
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
3,661,645
IF, and that is a BIG IF, the seller understands what it means and is 100% okay with it, then it is between the seller(s) and the brokerage/listing agent.
I am not a fan of them.
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Brian England
Gilbert, AZ
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
-
Richie & You
Cedar City, UT
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
509,901
I believe in full transparency. We do have a lot of super wealthy and famous individuals- and I can understand in these situations where the seller is ok with less exposure and potentially a lower sales price in exchange for privacy- but these are the rare situations where I can justify a private listing. In conversations with other brokers- someone mentioned where the seller is a domestic violence situation and want to maintain privacy- and again I could understand the need for privacy (or similar types of safety reasons) that would fit into a private listing situation.
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Nina Hollander, Broker
Charlotte, NC
-
Brian England
Gilbert, AZ
-
Kris Collis
Clarks Summit, PA
20,306
One word. Why?
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Brian England
Gilbert, AZ
-
Joan Cox, Retired Brok...
Denver, CO
-
Fred Griffin Florida R...
Tallahassee, FL
-
Katina Hargrove 352-55...
Eustis, FL
-
Bob "RealMan" Timm
Minot, ND
590,696
Exactly what Kathleen Daniels, Probate & Trust Real Estate Svcs. said.
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Brian England
Gilbert, AZ
-
Joan Cox, Retired Brok...
Denver, CO
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Bob "RealMan" Timm
Minot, ND
3,076,991
A brand name or a large outfit has to produce and if not using a known branding, for office space, an exclusive, might work against you William Collins
-
William Collins
Scotch Plains, NJ
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Kris Collis
Clarks Summit, PA
-
Richie & You
Cedar City, UT
-
Katina Hargrove 352-55...
Eustis, FL
-
Bob "RealMan" Timm
Minot, ND
7,483,137
Foolish, and an ethical violation.
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Bob Crane
Stevens Point, WI
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
-
Kris Collis
Clarks Summit, PA
-
Bob "RealMan" Timm
Minot, ND
858,075
I am absolutely against them. We created the Multiple Listing Service decades ago to discourage this self serving action. Our strength and reason to survive depends on the MLS.
-
John Juarez
Fremont, CA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kris Collis
Clarks Summit, PA
-
Katina Hargrove 352-55...
Eustis, FL
-
Corinne Guest
Lake Barrington, IL
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL
-
Thomas J. Nelson, REAL...
San Diego, CA
5,067,952
There are many different business models. Some not as good as others and some that have the ability to be head-scratching at best. It's a big world.
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Brian England
Gilbert, AZ
6,223,207
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP has the overall explanation and Kathleen Daniels, Probate & Trust Real Estate Svcs. provided for the exception. If one office has too many, things get fishy. Never was a fan.
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John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Brian England
Gilbert, AZ
6,661,552
I too think they are nothing but a pocket listing and an attempt to keep the listing (and sale) in the same office. It is not in the best interest of the seller. I have never done one. The sellers need and deserve as much exposure they can get.
-
John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Joan Cox, Retired Brok...
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Fred Griffin Florida R...
Tallahassee, FL
6,069,028
I think it depends on the situation. I've used office exclusives to sell listings before a seller was ready to fully list/show and had success in doing a quick sale at top dollar.
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John Juarez
Fremont, CA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Joan Cox, Retired Brok...
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
5,753,973
I would not do it myself. When I am listing a home for sale, I want the whole world to see it.
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John Juarez
Fremont, CA
-
Hannah Williams
Philadelphia, PA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
1,541,448
Not a fan even though it is. Big point with some major brokerages,
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John Juarez
Fremont, CA
-
Matthew Sturkie, CRS, ...
Apple Valley, CA
-
Bob "RealMan" Timm
Minot, ND
-
Thomas J. Nelson, REAL...
San Diego, CA
-
Brian England
Gilbert, AZ
2,612,062
William Collins In my opinion, it isn't in the spirit of cooperation or in the seller's best interest, because when we work with other agents and give the seller more exposure, they will most likely get a better price for their property.
-
Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Joan Cox, Retired Brok...
Denver, CO
1,616,314
There are valid use cases for this. There should be fully informed seller consent, similar to what NY State has enacted with their mandatory form, and if a seller wishes to do so that is their choice and who is NAR or any Realtor/Realtor Association to tell them what they can and cannot do with their home?
I am not in favor of the complete bans that are being discussed in some states. The government needs to GTFO of our lives and businesses. I say this as a Citizen, a Realtor, and a gun owner in California.
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Fred Griffin Florida R...
Tallahassee, FL
-
Bob "RealMan" Timm
Minot, ND
-
John Juarez
Fremont, CA
-
Candice A. Donofrio
Fort Mohave, AZ
1,726,878
Fred Griffin Florida Real Estate has this issues pretty well covered IMO.
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Joan Cox, Retired Brok...
Denver, CO
-
Bob "RealMan" Timm
Minot, ND
-
Fred Griffin Florida R...
Tallahassee, FL