Timeshare Resales Worldwide
Timeshare Answers Guide
About listing a timeshare for sale.
Understanding the consequences of various types
of listings.
There are basically four types of listings used by licensed
real estate brokers.
1. Non-Exclusive Listing
This type of listing allows the seller sell the listing by owner, or
to list with multiple brokers. The majority of brokers will not accept this type of listing: They feel that if they are going
to actively spend money to market the timeshare, they do not want
to spend marketing funds only to find out the listing was already sold by another entity. MLS Listings Services also will not accept
a non-exclusive listing. They require
an exclusive listing. They want the brokers to be highly motivated to sell the listing and to put funds and diligent effor into finding
buyers, and they know that brokers will not work on open listings. Exclusive listings prevent the caos that would ensue
if two brokers submitted the same listing.
2. Exclusive Right to Sell. Also
known as an Exclusive Listing.
With the type of listing, the seller is giving the broker
the exclusive right to sell the property.
If it sells, no matter who sells it, the Broker is due his/her commission.
Use this type of listing if you are confident in a particular broker and you want and expect him/her to actively
use his expertise and marketing funds to sell your listing. Timeshares are so difficult to
sell, many leading licensed brokers expect this type of listing.
3. Exclusive Agency
This type of listing gives the right to sell to only one
agency. The seller can sell on his own, but not through any other broker,
without the liability of paying a commission to the listing broker if the
property is sold. This type of listing isn't used much anymore. Listings are generally open, exclusive, or net
4. Net Listing
In a net listing, the seller agrees to a net price on
close of sale, and the broker can keep any amounts in excess of that net amount
regardless of the ultimate sales price.
The net listing has the advantage that it is very clear and simple; the seller is to get x amount
of dollars and the broker pays all expenses and must sell it for enough to cover his/her
costs and earn a commission.
.
Most states require a licensed real estate broker to disclose the amount of commission.
