What does an agent mean when they mention "exclusive" or "open" listing agreement and what are the differences?
Non-Exclusive aka. Open Listing
* Agent makes listing live on website
* Open Listing Agreement
* You share property information with every agent
* Everyone represents you
* Everyone can show your property
* no marketing dollars spent
* Every agent needs keys or access to the property
Commission you pay = 6% (plus the corresponding sales tax of 13% on that commission that your agent pays directly to the "hacienda" (tax agency in Costa Rica) (3% to the Buyers agent and 3% to the agent representing you)
Exclusive listing
**
* Agent makes listing live on website * Exclusive Listing Agreement * Share all your property info with only 1 agent * 1 agent (team) represents you * 1 agents shows your property while accompanying buyers and their agent * only 1 agent has the keys (access) to your property * Marketing specifically for your property * Property featured in local publishings (also in print) * Ability to control the listing *Agent shares your listing with all other agents (and other companies) Commission you pay = 6% (plus the corresponding sales tax of 13% on that commission that your agent pays directly to the "hacienda" (tax agency in Costa Rica) (3% to the Buyers agent and 3% to the agent representing you)
Our recommendation? Have 1 agent (or 1 team) represent you and your property!!
Now that you are ready to list your property exclusively with the agent of your choice, time to review their contract.
Please read the whole agreement and ask questions if you do not understand something.