Selling process involving exchange and completion

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Reference no: EM132991656

You have been asked to list a property for sale. The elderly owners are thinking about listing the home with a number of real estate agents. Your investigations reveal that they are not experienced sellers. You believe it is in their best interests to list the property with just one agent and need to communicate this to them.

-The elderly couple have not sold before and ask you to explain the process for exchange of contracts. How would you explain to them the selling process involving exchange and completion of the sale.

-The sellers also query how you are paid your commission and whether they have to have spare cash set aside to pay you? Explain how an agent draws commission and accounts to the property owner where they are holding a deposit on a sale.

Reference no: EM132991656

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