A non-exclusive registration contract is advantageous for the seller because he is not bound by an all-inclusive contract. She can still market her home or property without having to pay a commission when the sale of the house or property is complete. In addition, non-exclusive listing contracts allow the owner to advertise his property to an unlimited number of real estate agents and only have to pay a commission to the broker who concludes the sale. Listing with different agents at the same time can give the house or property excellent exposure to the market. An exclusive right to sell the listing is the most widely used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a certain period of time. If the property is sold while the broker has the listing, the seller must pay the agreed commission, regardless of who actually bought the buyer. This limits any conflict with the seller over who was responsible for supplying the buyer. With an exclusive agency listing, the listing agent has the right to represent the seller and market the property, but owners or sellers can find their own buyer. The seller is only required to pay the final commission if the agent is able to win a buyer and close the sale. The commission for this type of listing can be divided between the listing agent and a cooperative seller or broker. Agents may be less motivated to promote these types of offers because they may not earn commission. Non-exclusive registration agreements should be treated with care by the agent and owner, as there is a possibility of turbulence.

A buyer may be shown the house by an agent just to complete the sale with the owner and vice versa. In order to avoid a possible conflict, it is essential that the owner and agent keep a record of all the people with whom they talk about the sale of the house. Enter names, dates, and times in the log. This avoids most of the pitfalls of a non-exclusive listing agreement. (Amended on 5/06) The duration of the registration agreement is negotiable. Common terms can be 30 days, 90 days, six months, a year or more. Find out about the right of withdrawal. If you can cancel at any time, the duration of the offer controls If a contract expires without mutual renewal or if the parties choose to terminate the contract, the listing broker can provide the owner with a list of names of potential buyers The last of the three main types of registration agreements is the open registration contract. This Agreement is also known as the Non-Exclusive Registration Agreement.

Here, as in the exclusive agency registration contract, the agent is only entitled to his commission if he actually sells the property. However, unlike the exclusive agency listing contract, the open listing contract only requires payment of the agent`s commission if that agent actually sells the property. So, the main difference is that if the agent with whom you have an open listing contract does not sell the property, another agent does, the contract agent is not entitled to his commission as he would be in an exclusive agency listing contract. The only big advantage of an open listing is that the owner is likely to pay only the commission of a selling broker, which is about half of the typical fee. Indeed, the owner is not represented and therefore does not need to be aware: these definitions are provided to facilitate the categorization of entries in MLS compilations. .