The first way to list your house is what's called an open listing. During an open listing, the owner reserves the right to sell the property himself or herself or to retain a real estate broker. This gives you quite a bit of option as you might expect.
The next way to list the house is through what is called an exclusive agency. You can also browse online to know about the best real estate for sale in Coquitlam.
During an exclusive agency, no other broker will be hired as long as the original broker is retained and usually the period of time during which the original broker is retained is spelled out as a specific amount of time.
What's good about the exclusive agency is that it doesn't exclude you as the owner from selling the property yourself without having to pay a broker. The next way to list your house is what is referred to as an exclusive right to sell.
With an exclusive right to sell, the broker gets his or her commission whenever the property is sold whether by the broker themselves or by you the owner or by anyone else! Finally, another way to list your house for sale is through what we call a multiple listing.
In a multiple listing, brokers will combine to sell properties listed with any member of the broker's specific pool. When this happens the brokers will all then split the commission between the listing and the selling broker.