Posted by Carolyn on December 29, 1999 at 16:46:40:
In real estate there are generally two main contracts that most Realtors use routinely. One is the buyers contract and the other is the sellers contract. They each have different language specific to the client they are working with. The sellers contract is a listing agreement. The buyers contract is used for the purchasing of property and may contain buyer brokerage agreements. Many Realtors (if they even know anything about how a l/o works, most do not!) do not want to be bothered with l/o’s and that is due mainly because brokers discourage their use because the agent and broker both have to wait for their commissions. So brokers in my experience, do not even train in their use or the advantages to the seller or the buyer for that matter. All the more for you and me.