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  Thailand Articles

15 Feb 2008 20:31:10 GMT

Exclusive, Sole Agent & Open Listings

 

What do those terms mean?

 

    1. An Exclusive Listing is one in which only the Listing Broker has the right to offer a property or business for sale. If the property or business covered by an Exclusive Listing Agreement is sold, the Listing Broker is owed a commission by the seller regardless of who actually made the sale, including the owner.

    2. A Sole Agent Listing is one in which only the Listing Broker and the owner    have the right to offer a property or business for sale. If the property or business covered by a Sole Agent Listing Agreement is sold by the Listing Broker – or even if it’s sold by the owner to a buyer who was first introduced to the seller by the Listing Agent within one year prior to the sale – the Listing Broker is owed a commission by the seller.

    3. An Open Listing is one in which any broker with an Open Listing Agreement from the seller has the right to offer a property or business for sale. If the property or business covered by an Open Listing Agreement is sold, the Selling Broker is owned a commission by the seller – unless the buyer was first introduced to the seller by another broker with a Listing Agreement of any kind within one year prior to the sale, in which case the commission is owed to that broker.

In some cases, a Listing Broker with an Exclusive or Sole Agent Listing Agreement will offer to “cooperate” with another Broker. That typically happens when one Broker has the Listing Agreement rights

and another Broker has an interested customer.

 

Cooperation between Brokers is entirely between the two Brokers.

It is customary in such cases for the two Brokers

to divide the commission equally between themselves.

 

(OVER)

 

Does the Seller Get Anything Extra        for

Giving an Exclusive or Sole Agent Listing?

 

Yes. Most Brokers offer some level of preferential service

to sellers who grant them Exclusive or Sole Agent Listing Agreements.

 

Evans Marketing offers the following guidelines to sellers of property or businesses.

 

For an Open Listing

 

    1. Inclusion on one or more of the Evans Marketing Co’s web sites, www.PattayaPropertyFinders.com for residential (houses & condos) listings and land, www.PattayaInvestments.com for businesses and commercial buildings.

 

For a Sole Agent Listing

     1. Inclusion on one or more of the Evans Marketing Co’s web sites as above;

     2. Inclusion in classified listings supplied to area newspapers and other publications;

     3Photo and write-up placement on the windows of Evans Marketing’s offices;

     4. Inclusion in Evans Marketing’s weekly email newsletter, sent to 6,000 potential buyers/sellers.

 

For an Exclusive Listing

     1. Inclusion on one or more of the Evans Marketing Co’s web sites as above;

     2. Inclusion in classified listings supplied to area newspapers and other publications, as above;

     3. Photo and write-up placement on the windows of Evans Marketing’s offices under the heading “Business of the Week” or “House/Condo of the Week”;

     4. Inclusion in Evans Marketing’s weekly email newsletter, sent to 6,000 potential buyers/sellers, under the heading “Business of the Week” or “House/Condo of the Week”;

     5. Inclusion in Evans Marketing’s monthly Pattaya Investments magazine under the heading of “Businesses of the Month” or “Houses/Condos of the Month”

     6. For properties with sales prices of 20-million baht or above, identification in all Evans Marketing publications and web sites as a Property of Distinction and a full-page advertisement in the monthly Pattaya Investments magazine.

     7. for additional marketing activities for major properties, please contact Charles R. Evans at (66) (0)81.864.7731 for a confidential marketing plan.

 


 
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Hundreds of Houses, Condos & Land for Sale or Rent around Pattaya in Thailand
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