Multiple Realtors to Sell Your Home

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Can you have multiple realtors when selling your home? If so, how does this work? And who would get the commision?


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The answer is yes and here is how you do it. First you would have to find a Realtor that would be willing to take an “ Open Listing”. In an open listing you hire a Realtor that simply lists your property in the local MLS. The open listing agreement is a non exclusive agency meaning that you are not obligated to pay the listing agent commission unless he procures the buyer.

In the MLS listing you may offer a commission to the “ selling agent” (buyer’s agent). Typically the commission offered to the selling agent is 3%. You may offer less such as 2.5% or less, however you may not get as many showings of your home from Realtors with a reduced commission.

Answered almost 7 years ago
Mortage Guy
104 1

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