Can I Use Two Realtors® To Sell My House?

Definition of "Can I Use Two Realtors® to Sell My House?"

Sue Anderson real estate agent

Written by

Sue Andersonelite badge icon

Edwards Brandt Iowa Realty

Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like.

It’s what is called an Open Listing. In it, the home seller pretty much says “Hey, realtors®! Whoever brings me the best offer first, wins”, which, in paper, looks great, wouldn’t you agree? Having several real estate agents searching for potential home buyers will make the whole process faster; they’re bound to find a buyer for your house faster than if you would rely on only one. Competition is great, right?

Well, not most of the times, and definitely not in this case. The problem is that most realtors® shy away from Open Listings. At least the very good ones. They ask themselves: why waste my already scarce time to find a home buyer for this property only for the seller to choose another offer? They prefer working with an Exclusive Right to Sell Listing, which guarantees them a reward for their work.

There are two scenarios that are best suited for the use of two realtors® or more to sell a house. One is if your house is very unique. So much so that even well-established real estate agents will bid for it because they have clients looking for that house and the supply of houses like yours is almost non-existent. And the other one is if you are in a hurry. Then it *might* be a good idea because you want the most real estate agents trying to sell your house you can – even if they are not particularly the most sought-after.

So, as you can see; it’s not a matter if you can use two realtors® to sell your house. Yes, you can. But *should* you? That’s up to you to answer…

Real Estate Advice:

What there is no doubt about is the fact that you need to find a real estate agent. Contact one of ours now!

And if things are still a bit blurry, check our Listings 101 article so you become an expert on all types of arrangements you can do with a realtor® selling your house.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Loan guaranty program included in the Servicemen's Readjustment Act of 1944. Its provisions cover the compensation to lenders for losses they might sustain in providing financing to ...

Repairing the street for safety and attractiveness. In some localities, such as on Long Island, the home owner is responsible for properly maintaining the street surrounding his home. ...

Map presented to a municipality's planning agency by a real estate developer for consideration and approval. ...

Insurance based on the National Flood Insurance Program, enacted By Congress in 1968. The intent of this legislation is to provide insurance coverage for those people suffering real ...

Expert in real estate who has an education in real estate appraisal as well as having significant professional experience. A recognized license may be obtained from the Member Appraisal ...

Changes made by a lessee to property during the term of the lease. In general, if the changes are permanent such as the addition of a building to lease land, the ownership of the building ...

When someone throws around the term “mobile home”, it almost requires further explanation to fully understand what that person is talking about. Why is that? Well, one mobile ...

Innovative architectural designs for either single or multi level homes and other buildings incorporating innovative features, such as passive solar heating. Contemporary building plans ...

Inflation adjusted interest rate. ...