Key Takeaways from the Video:

1% Listing Agreement Explained

Getting Started with the Listing Process

  • Filling out the form initiates the process but does not finalize the listing.

  • The form collects essential details for the listing agreement, including owner names, unique email addresses, and property details.

Agreement and Pricing Discussions

  • The listing price is negotiated based on the agent’s Comparative Market Analysis (CMA) or an appraisal if needed.

  • Signing the agreement does not lock you in if the price is not mutually agreed upon.

Payment and Commission Structure

  • A 1% listing commission applies.

  • If the agent sources an unrepresented buyer, the commission increases to 4% (1% listing + 3% buyer’s side).

For buyers with representation, up to a 3% buyer agent compensation is standard.

Listing Agreement Details

  • The agreement term is six months from the start date.

  • Sellers must provide property information such as included appliances and tenant details, if applicable.

The agreement specifies lockbox use for property access by scheduled appointments only.

Inspections and Pre-Sale Preparations

  • A pre-listing inspection is required to identify and address issues. The cost is reimbursed at closing.

  • Professional photography, 3D tours, and drone footage are included in the marketing package.

Cancellation and Reimbursements

  • Sellers can cancel the agreement but may need to reimburse the agent for direct marketing expenses.

  • Communication and Collaboration

  • Expect text messages, emails, and possible Zoom or in-person meetings.

  • Sellers are encouraged to provide details about the neighborhood and lifestyle benefits to enhance buyer interest.

Transparency and Professionalism

  • The agent uses local appraisers familiar with the area to ensure accurate valuations.

  • Privacy policies, terms, and conditions are in place to ensure a trustworthy process.

Next Steps

  • Once submitted, the process moves forward with pricing discussions, inspections, and property preparations.

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The Demitri Team at Keller Williams - (561) 440-2186

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