SOURCE: Island Living Real Estate
NASSAU, BAHAMAS--(Marketwire - May 28, 2012) - Bahamas real estate agents want to sell their listings, but more often than not, they fail to recognize the importance of co-brokerage agreements. Co-brokerage can provide sellers and brokers with a multitude of real estate opportunities.
During the first step of the co-brokerage process, a listing is "shared" with the chosen firm by the exclusive broker. If the co-broker solicits a buyer who purchases the Bahamas property, he or she shares the commission with the exclusive broker.
Rachel Pinder of Island Living Real Estate, a company that specializes in house rental opportunities and homes for sale on private islands in the Bahamas, provides agents with four reasons why co-brokerage benefits all parties involved.
1- The Seller Comes First.
Many times the properties that agents place on the market will stay there for months and sellers will lose confidence in their agents, but co-brokerage agreements can start a bidding war that drives up the selling price.
2- More Exposure.
Agents who partner with a co-broker provide their sellers with increased market exposure so their listings sell in a shorter amount of time.
3- The Right Price.
The best interest of the seller may be to participate in a co-brokerage agreement. Even though co-brokers must share all commission fees, their properties typically sell at a faster rate, for better prices and under optimal conditions.
4- The Missing Piece.
Co-brokerage is ideal for situations when agents have a listing, but not a buyer or vice versa. When agents join forces they can find the right buyers or listings for their clients.
"Agents should seriously consider co-brokerage agreements," Pinder said. "I do not see a problem with sharing fees if it means that clients receive a better price or faster sale for their property listings since their needs should always come first."
For more information about Island Living Real Estate please call at 1-242-322-7979/80.
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