HomeAbout Listing A Timeshare For Sale
Understanding the consequences of various types of listings
There are basically four types of listings used by licensed real estate brokers.
1. Non-Exclusive Listing
This is the least restrictive type of listing to the seller, and the type we recommend for timeshare listings. The seller can list with any number of brokers and if it sells, the listing is null and void to the other brokers. Our philosophy is, "may the best broker win."
2. Exclusive Right to Sell. Also known as an Exclusive Listing
With the type of listing, the seller is giving the broker the exclusive right to sell the property. If it sells, no matter who sells it, whether it is sold by the owner himself or any other broker, the listing broker is due a commission. If an outside broker sells it, the seller is liable for two commissions, one to the listing broker, and one to the broker who procured the buyer.
Great consideration should be given before entering into an exclusive listing, because it is the most restrictive listing to the seller. Given to the wrong broker, it just ends up tying up the property without selling. Timeshares are so difficult to sell, we recommend not giving only one broker the exclusive right to sell it. This type of listing mainly protects the broker. The seller is not allowed to list with other brokers or sell it himself without owing the broker a commission.
3. Exclusive Agency
This type of listing gives the right to sell to only one agency. The seller can sell on his own, but not through any other broker, without the liability of paying a commission to the listing broker if the property is sold. Again, this is a very restrictive listing to the seller.
4. Net Listing
In a net listing, the seller agrees to a net price on close of sale, and the broker can keep any amounts in excess of that net amount regardless of the ultimate sales price. While not illegal, the net listing has led to numerous abuses and misrepresentations. As a result, the real estate department of most states discourages them and requires full disclosure of the final selling price to the seller and buyer.
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About the author: 16 year veteran of the timeshare industry reveals all tricks and secrets used by the big companies to help sell your timeshare fast and profitably.
http://www.howtosellmytimeshare.com