Question

6. A listing broker should:

Answer 1

A listing broker should c. suggest a listing price based on comparable market data.

What does the term "listing broker" mean?

Listing brokers and listing agents are normally paid only if the sale is successful. A listing broker, often known as a seller's agent, is in charge of representing the interests of those wishing to sell a property. Historically, a commission for selling a house has typically been in the range of 6% of the selling price. The listing broker or agent and the buyer's or selling agent each receive an equal share of the commission. The most frequent type of listing agreement is an exclusive right to sell listing. For a predetermined amount of time, the broker has the sole authority to market the property under the terms of this agreement.

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