Listing Your Property
Organizing the facts...
A listing agreement is a binding legal contract between a REALTOR® and a homeowner.
It is very important to read the contract carefully and understand what is involved before you sign the contract.
If you need legal advice, consult an attorney.
The following is a guide to the basic terms in a listing contract:
1. Term of the Agreement. This is the length of time you and your REALTOR® agree to market your property. It is generally a good idea to list your home for several months to provide the maximum amount of exposure to potential buyers in your market.
If you home doesn't sell during the initial listing period and you're satisfied with your REALTOR's® marketing efforts, you may extend the term of the agreement before the expiration date.
2. Broker's Fee. No Association of REALTORS sets or recommends the broker's fee. Brokers fees are negotiated between the Broker and the Seller. Never list your home completely based on who will charge the least fee. Remember the old adage...."You Get What You Pay For"
Consider the marketing plan, agent's follow up plan and experience when listing your home. Also it is important to know what the Broker is going to pay a cooperating Broker from the fee charged.
3. MLS. Immediately after signing the listing contract, your home will be submitted to The Pocono Mountain Multiple Listing Service (MLS). The MLS provides your home with the maximum exposure to other agents in your market area. Most MLS databases are also accessible by consumers on the Internet. Along with the MLS, I will immediately submit your home to www.realtor.com an excellent on-line real estate resource for both Sellers and Buyers 4. Showing Your Home. A preferred method for showing your home to prospective buyers is by offering them access to your home even when you're not home. I recommend placing an "electronic lockbox" on your property. A lockbox is a small key-holding safe that can be placed inconspictuously on your property. With an electronic lockbox, we may keep track who has gained access to your home, reducing your concerns about strangers entering your home alone. The more people who see the property, the better chance you'll have of selling it for a favorable price. Another form that will need to be filled out is the
5. The Seller Disclosure. This four page form is an integral component of the listing process. The Seller's Disclosure will allow you to give all information about the history of the home's structural, mechanical, and electrical systems, any environmental or legal problems, etc. It is very important to fill it out completely and honestly - the buyer will be more trustful of someone who reveals all facts. You may even want to have a home inspection done upfront to protect your interests and give specifics to the buyer about the property's condition.
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The data relating to real estate for sale on this web site includes listings held by MLS-IDX Participants of the Internet Data Exchange program of the Multiple Listing Service of the Pocono Mountains Association of Realtors®. Listings marked with the Internet Data Exchange logo are not necessarily the listings of the owner of this web site. All listing data is the copyrighted property of the aforesaid Association and its MLS-IDX Participants with all rights reserved. The information contained herein is believed to be accurate, but no warranty as such is expressed or implied. 
