Why is my house being sold all over the Internet?
10/21/2014 | Author: Legal Staff
I signed an agreement with one real estate broker to sell my house. But now my house is not only on his company’s website—it’s showing up for sale on a bunch of other websites, too. What gives?
Maximum exposure for a home is a good thing. The more people who know your home is for sale, the better your chances of finding a buyer. “Casting a wide net” may help you find a buyer sooner, sell your house for more money—possibly even create a situation with multiple buyers competing to purchase your home. And there’s no wider net than the Internet. Most brokers have agreements and systems in place to display listings on a variety of websites, including other local brokerages and national listing portals, like realtor.com and texasrealestate.com.
Look at your listing agreement. If it’s the Residential Real Estate Listing Agreement Exclusive Right to Sell from the Texas Association of REALTORS®, you’ll see in Paragraph 11 (Broker’s Authority) that it authorizes the broker to display the property on the Internet without limitation unless one of the following sections is checked. If you’d like to restrict display of your property, talk with your broker. Just realize, though, that you’ll be limiting the number of potential buyers who know that your house is on the market.
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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.
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