What is a Listing Agreement?

It is a contract between you and the brokerage company that the agent represents. It is a framework for subsequent forms and negotiations. It's important the agreement accurately reflects your property and clearly spells out the rights and obligations of all parties and what is included and what is not included in the deal.

What happens?

Both you and the listing agent sign the listing agreement and each receive a copy.The agreement binds both parties to its terms and conditions. Whether or not you wish your lawyer to review the agreement, you should in any case let him or her know that you're selling your home.

Generally the agreement:

• sets out the listing price; and,
• describes the property you are selling - lot size, building size, building style and materials, floor areas, heating/cooling systems, room sizes and descriptions.

Here you decide what you are taking with you and what you are leaving with the house. Generally, unless stated otherwise, fixtures remain with the property, while chattels -- things which are movable -- aren't included in the sale. If necessary, what stays and what goes are listed under "inclusions" or "exclusions."

And finally, once the agreement is signed we will:

• install a for sale sign on your lawn;
• upload information on Realty Quest for all realtors to access;
• advertise on the mls.ca website;
• advertise on the mcleanchard.com website, and;
• advertise weekly in The Whig-Standard home section.