Assignment task:
Using the scenario below, complete the listing agreement.
John & Mary Jones have owned their home for 27 years and now that the kids are grown, they have decided to sell their home and move into a newly built home in a retirement community in New Braunfels. While they have interviewed several agents with various brokerage companies, they have chosen you to list and sell their home. As a sales associate with We List & Sell Realty, you are delighted they have elected to trust you with the sale of their home. In the listing presentation, they mentioned that one of their neighbors might be interested in purchasing their home for a daughter who will be graduating from college in May. If the neighbor decides to purchase the home, they want you to handle the sale from contract and closing at a reduced fee. Your broker's usual fee is 7% to list a home and share 3% with buyer's brokers, but your broker does not offer Subagency to cooperating brokers. John & Mary need to sell their home within 6 months, so they can move into their new home. After preparing a Comparative Market Analysis, you tell them the home would likely sell within a range of $270,000