What is a courtesy listing in real estate?

What does courtesy to brokers mean?

A short definition of Courtesy to Brokers: Willingness of a seller to pay a commission to any broker supplying a suitable buyer; or the willingness of a listing broker to share the commission with any broker supplying a suitable buyer.

What is courtesy call real estate?

The Courtesy Call or Go and Show Appointment Type means that appointment requests are documented and immediately confirmed. While not required, listing contacts can be enabled for courtesy calls if needed. It is typically used for vacant homes on lockbox.

Can you market someone else’s listing?

It is not only the MLS rules that they may violate, but also state real estate license law, the NAR Code of Ethics, and even Copyright Act. Without the proper permission, a broker cannot advertise another broker’s property information.

What is a ghost listing in real estate?

Fraudulent “ghost” listings said to be on the rise

In the past, agents have been known to use old or fabricated listings on brokerage websites as a ruse to get buyers on the phone — brokers would then say the home had sold and immediately pitch another property, usually less appealing.

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What does listing courtesy mean?

It’s an “open listing” (i.e. no one has an exclusive) where a broker is giving the owner contact info to other brokers as a “courtesy”.

What is a go and show listing?

The Go and Show Appointment Type means that appointment requests are documented and immediately confirmed. No additional calls will be made. It is typically used for vacant homes on lockbox.

What do you say in a courtesy call?

Verify that you are speaking to the correct party. Say, “May I speak to Mr. Smith?” If the answering party hesitates say, “This is a courtesy call and it will only take a minute.” Wait for the party to come on the line or ask for a good call back time.

Can you post other Realtors listings on Facebook?

The bottom line is you should never capture another agent’s listing and post it on Facebook. If your MLS and agency has an agreement that the IDX feed posts certain properties on social media, make sure that the other agent’s name and agency are prominently shown.

Can I share another Realtors listing on social media?

Wait, before you hit “share” there are rules that govern sharing another agent’s listings on social media. … Please note, you can share your OWN listings without limitation, and depending on your office policy, can typically share you office listings freely as well.

What does broker attribution mean?

A situation where the tax law assigns to one taxpayer the ownership interest of another taxpayer.