Exclusive listing agreement fails home seller

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

DEAR BOB: Due to a job transfer, my wife and I plan to list our home for sale in a few weeks. My employer gave us the option of either accepting the "low ball" purchase price of their so-called corporate relocation consultant, or selling our home on our own. The low price offered by the relocation consultant is a joke (but we can accept it for up to 120 days if our home doesn't sell). That's very fair. Our problem is selecting the best agent to get our listing. My wife is best friends with a realty agent whose firm wants an "exclusive listing," which will not be placed into the local MLS (multiple listing service). In return, we pay only a 4 percent sales commission. However, having read your articles for many years, you often say the MLS is the most powerful sales tool a realty agent has. What do you think about the agent's exclusive listing where that firm refuses to cooperate with other agents or put our listing on the Internet at – Ivan H. DEAR IVAN: I would...