i have land listed with a residential broker but want to have a commercial broker list it also. is this possib

The residential broker only listed on mls....big mistake. I need it on loopnet and want somene else to handle. Residential broker wont break contract so can I list with a commercial broker instead?
In Selling Property - Asked by Holly M. - Oct 15, 2016
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Answer(s)

Javier D.
Broker/Agent
Scottsdale, AZ

Dear Holly,
A professional agent will not keep its client hostage with the listing contract.
Where is the land located?
If your broker won't break the contract that is another red flag. If it is commercial land, your broker might not have the expertise to market it properly and you can appeal to the realtor's ethic commission.
There are other ways to go around and you can create agreements to involve a commercial agent and a residential agent at the same time, just check the legislation in your state. If you are in the state of Arizona, I might be able to help you.

Oct 21, 2016
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Simon C.
Broker/Agent
New York, NY

this really depends on the agreement you made with the residential broker as per contract

Oct 21, 2016
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Evenique T.
Broker/Agent
Laval, QC

I want commercial broker

Oct 22, 2016
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Chris R.
Broker/Agent
Denton, TX

The same piece of land can not be listed by 2 different agents. The current agent could agree to work with a commercial agent - easier if with same brokerage company - I do that regularly. Otherwise you would have to ask the residential agent / brokerage to release the listing so you can place it with a commercial broker who can market / expose the property to all the commercial sources that the residential agent can't.

Oct 26, 2016
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Chad D.
Owner/Investor
Chandler, AZ

It would be a violation of the REALTOR code of ethics and usually state statute or department of real estate rules for a broker to subject a client to paying a dual commission. If you have an exclusive right to sell agreement with your current broker, you may at your option additionally list your property with a commercial broker, however, you would still be contractually obligated to pay the residential broker and give notice to both brokers that you are aware and consent to a dual commission should either broker sell the property. However, if the commercial broker is willing to sign a listing agreement that precludes your obligation to pay the commercial broker should the residential broker procure a buyer, then you could avoid the paying a double commission in that regard. Should you wish to cancel the contract with your current broker, I would consult a local competent and experienced real estate attorney so that you may fully comprehend your limits and obligations under the contact.

Jan 31, 2017
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