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Does listing book account link you to that realtor?
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Does listing book account link you to that realtor?
In dec 2008 we contacted a rea about a listing of hers that we wanted to see. We had not listed our house yet, but thought we might use her bc then she would be motivated to sell our house if she knew we were buying one of her listings.
We made an appointment and she never showed up. We waited for 30 min and no one was home. She told us she was there. That crossed her off our list.
We listed with another agent, who showed us the house, but we ended up taking our house off the market.
Last month...3 years later...she signed me up for a listing book account. We plan on listing again in the spring, but not with her or most likely with our last agent (who also made a listing book account for us that is still valid)
Both accounts have us connected to our house and it looks like it is listed on listing book...not on Mls.
Will we have issues listing with a completely different agent? Will either of these agents "claim" us? What if we did fsbo( my cousin is house hunting and always loved our house...we would discount them the commission)?
For what reason did she decide to set us up for listing book? Is she looking for listings?
Do I have any reason to be nervous?
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Posted 1/2/12 9:19 AM  |
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mrssoto
LIF Adolescent
Member since 5/10 833 total posts
Name:
Lorin
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Re: Does listing book account link you to that realtor?
No, 200% not. The only thing that ever links to you a realtor in all of new york state if you signed a listing agreement which dates are still in effect, OR if you were a buyer, you signed a buyer brokerage agreement which says that you will work with that real estate agent (and even in that case, the agreement only applies to those houses you saw with that agent). no worries!!
Message edited 1/2/2012 11:00:34 AM.
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| Posted 1/2/12 10:56 AM |
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mrssoto
LIF Adolescent
Member since 5/10 833 total posts
Name:
Lorin
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Re: Does listing book account link you to that realtor?
Real Estate agents will always keep a list of all of their clients emails so that they can continually market themselves...or brand their name simply (keep it in front of you even if you are not currently listing or looking to buy)...so the only reason for signing you up recently is probably because they are updating their database and added you as one of their past customers.. you should be able to unsubscribe at the bottom of the email.
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| Posted 1/2/12 10:59 AM |
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Re: Does listing book account link you to that realtor?
Posted by mrssoto
No, 200% not. The only thing that ever links to you a realtor in all of new york state if you signed a listing agreement which dates are still in effect, OR if you were a buyer, you signed a buyer brokerage agreement which says that you will work with that real estate agent (and even in that case, the agreement only applies to those houses you saw with that agent). no worries!!
This is correct - when you list your house with a realtor, you sign a listing for a particular length of time (6 months, 1 year, etc.). When the contractual period is up, your obligation to that realtor ends. It is common for listings to expire without selling, and for the sellers to put the home back on the market with a different realtor.
The only thing I would add -- I don't know how long ago you took your home off the market, but you should just check to make sure you don't have a relisting/commission obligation date with that second realtor. Often, if a seller wants to take their home off the market before their contractual listing period is up, the listing agent will not release them from the contract completely. In other words, if the listing would have expired March 1, 2012, and you decided to take your home off the market in December 2011, your choices would be to put it back on the market with the realtor who took the listing through March 1, 2012, OR wait until after the March 1 date passes to put it on the market with someone new. But in other cases, the listing agent will completely release the seller from the contractual commitment, and you can do what you want.
As far as Listingbook - you need a realtor to set you up with an account, but you are not "tied" to that realtor in any way. Many people have multilpe different accounts through different realtors. But if your home is not on the market now, it should no longer be on Listingbook (which pulls it's info from MLS).
As far as your cousin buying the house -- if you want to relist with an agent, you could always try to negotiate an exception to the listing agreement that says if your cousin buys the house, you owe the agent reduced commission. How much the reduction is depends on what a particular agent is willing to accept (but if they are listing/marketing the property, investing time and money, they will still want something). Usually if a listing agent agrees to that type of an exception, they put a time cap on it (if x person buys the house within the next 2 weeks, then you only owe me x% instead of full commission).
Good luck! If you have other questions about selling, please feel free to contact me!
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| Posted 1/2/12 1:22 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Does listing book account link you to that realtor?
Posted by Century 21 Dallow - Christine Braun
But if your home is not on the market now, it should no longer be on Listingbook (which pulls it's info from MLS).!
That's what made me nervous. It is listed on lb and I got an email that someone showed interest in it.
We took our house off the market 2 years ago, so we are out of that contact, but it was an additional 6 months to clear fsbo.
Suppose my cousin did buy it, would this rea claim that it was bc of their listing on lb?
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| Posted 1/2/12 3:23 PM |
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Re: Does listing book account link you to that realtor?
Sometimes real estate sites are outdated -- I get inquiries about properties that I listed that are no longer available all the time that originated on sites like zillow or trulia.
Your former real estate agent can't claim she is entitled to anything if you find a buyer for the property AFTER her listing contract expired. So if her listing ended October 31, and you find your own buyer today, you don't owe her commission, even if the old listing still appears on some real estate sites. It's really hard to "erase" something from the internet. I would just check that it's not listed on MLS, and double-check your paperwork (she should have given you a copy) to make sure you are correct that there is no continuing commission obligation date (since it sounds like you withdrew the house from the market before the listing expiration date).
The only other caveat is the MLS standard listing agreement contains a provision that if a buyer saw the property while it was listed by the agent then attempts to buy it during a certain period AFTER the listing expires, the listing agent is still owed her commission. The time period is negotiable, but most agents make it something like 90 days after the listing expires. The idea is to prevent buyers and sellers from waiting out the contract and trying to cheat the agent out of the commission, IF the buyer came in off of the agent's marketing. So if the agent held an open house two weeks before the listing expires, and a buyer came in to the open house, and then put an offer in on the house a week after it expired, the agent could claim she is owed commission.
But this doesn't sound like it would apply to the situation with your cousin, since she would presumably hear about the house from you or other family members, not through your agent's marketing efforts.
Hope this helps!
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| Posted 1/3/12 10:03 AM |
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