Working with multiple realtors

What is the general consensus regarding an owner not wanting to sign an exclusive listing agreement with one realtor? Is it frowned on to simply offer up a flat percentage to anyone willing to bring a tenant? What is the downside to this?
In Leasing Property - Asked by Kelli H. - Sep 11, 2009
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Answer(s)

Dan M.
Broker/Agent
Eugene, OR

the downside is that this is a disadvantage to both the broker and the owner. it's at the bottom of the broker's list becasue he or she has been hired (by listing agreements) to market other client's properties. also, if the broker chooses to work on the unlisted property, they may put in a lot of time and get an offer, only to find that the property has already sold. in the current market, it's best to find a competant broker and make sure they continually market the property.

Sep 11, 2009
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Eric D.
Broker/Agent
Fairfield, CA

I must agree with Dan. Any commercial broker will tell you (or maybe they won't if they are less than ethical);) that without a executed listing agreement they won't spend much time, if any, marketing an owner's property. Signs, flyers, email blasts, open houses, etc. all of these marketing tools can be fairly expensive; without a guarantee that they will be paid if they procure a deal, it doesn't make sense to spend any time marketing the property. A listing agreement will better ensure that an owner has a dedicated broker representing them.

Sep 15, 2009
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Gregory G.
Broker/Agent
San Francisco, CA

Downside is no one thinks your serious about selling (you lost your competitive buyer pool). And no decent broker is going to spend any real time on your property.
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Gregory Garver - Commercial Real Estate Broker
Broker License# 01716531
(415)225-9894
gregory.garver@gmail.com

Oct 23, 2009
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Karim A.
Broker/Agent
San Diego, CA

By working with *multiple brokers* (i.e. without an exclusive listing agreement), you have pretty much guaranteed that *no broker* will actually be working for you.

Nov 24, 2009
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