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Why Can’t I Make Edits to the Flat Fee Listing Agreement?
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In this video, we'll explain why flat fee listing brokers typically don't allow custom changes, edits or riders to their stock flat fee listing agreement.
As you can imagine, your typical flat fee listing agreement has already been heavily modified in favor of sellers who won't have to pay 6% regardless of happens in the event of a sale as would be the case with a traditional exclusive right to sell listing agreement.
Furthermore, due to how expensive lawyers are, it may cost the flat fee broker more money than the flat fee you paid to have the broker's lawyer review your custom language or edits.
As a result, flat fee listing brokerages will generally disallow any requests from sellers for custom language, edits, changes or riders to their boiler plate listing agreement.
Just like you wouldn't ask a company like Google, offering a free service like Gmail, to change their terms and conditions on your behalf, listing brokers offering essentially a free service cannot negotiate custom contract language with each and every client. It's simply not economical, reasonable or realistic to expect.
Please leave us a comment and let us know your thoughts, and any tips of your own!
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Hauseit Group LLC, Licensed Real Estate Broker
Tel: (888) 494-8258 | https://www.hauseit.com
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