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INTRODUCTIONS.
Listing is done by the registered estate agency firm. It is a process of collecting
information on properties for transaction purposes. The transaction would refer to the
instruction obtained from the principal.
LISTING is defined as
LISTING AGENT
means an estate agent who obtains a listing and has been given the right
to sell or buy or let or rent property by the principle.
Sources of Listing
Listing can be done through various sources and establish a database. The
database contains details of owner such as name, address, contact number,
brief information on property, titles, conditions and asking prices or rent.
Various sources of listing
The owners
Advertisement
Newspaper
Other property agents
Neighbor's
Friends
Relatives
Banks
Property developers
Cold calls
Foreign Agencies
Two main categories of listing.
1. Single listing – occurs when listing agent alone acts on the listing
transactions. It does not involve co-agency broking. The following
are the single listing appointments :
CORPORATE ADVERTISEMENT
advertising services offered address, tel. number, e-mail
- with firm name, E-no, tel. no. and signed by estate agent