INDEX : The
Listing Presentation | The
Listing Contract | REALTOR®
When you decide to your home in Vancouver, BC, Canada or anywhere in Greater Vancouver, the Real Estate Board of Greater Vancouver can help you with listing your property.
any obligation to hiring a Realtor, you can ask a REALTOR® to come
to your house to give a "listing presentation." The REALTOR® will
present his or her qualifications, explain how they will market
your home, and most importantly provide you with a comparative market
analysis (CMA). The CMA details information on past sales in your
neighbourhood, homes that didn't sell and homes that are currently
for sale. The REALTOR® will use the CMA, market statistics and his
or her knowledge of the neighbourhood to help you set a price for
can also prepare an estimate of the net proceeds you will receive
when your home sells. This is based on the suggested sale price
of your property and any financing you have in place.
you have selected a Realtor, you will need to sign a listing contract
in order for your REALTOR® to list your property for sale on the
Multiple Listing Service (MLS®), a central database of properties
for sale that is available to REALTORS®.
- The price
of the property.
- The address
and legal description of the property.
- The existing
- A list of
items (known as fixtures) that will not be included in the sale,
i.e., a light fixture.
- The commission
- The expiry
date of the listing contract.
will also get you to fill out a Property Disclosure Statement,
a form where you indicate the condition of your property.
a REALTOR® works on a commission basis and only receives payment
upon the successful sale of your home. The commission can be a percentage
of the total sale or a flat rate. The commission is not set by law
or by local real estate boards. It is negotiable between you and