Co-Listing Agreements
Realtors share a listing (“co-list”) for a number of reasons:
–The homeowner has ties to two Realtors, and doesn’t want to offend either;
–The two Realtors work together as part of a “group” or “team”;
–One Realtor has the tie to the client, while the other Realtor is strongly established in the particular neighborhood.
It was this latter scenario I encountered recently.
Which made it ironic that, because the “neighborhood” Realtor was on vacation, the co-listing agent and I negotiated the deal without them (I was representing the Buyer).
The experience recalled an anecdote about the Vikings’ trade for quarterback Fran Tarkenton, way back when.
On the opening play of the first game following Tarkenton’s return, the Vikings’ return man ran the kickoff back 99 yards for a touchdown.
Tarkenton supposedly turned to then-head coach Bud Grant and said: ‘See, I told you I’d be good for your offense.’
