BIC TIP #1264: The New Listing Agreement: Are You Ready?
New listing agreement. Are you ready? In this BIC TIP, Stephen Long gives North Carolina brokers a friendly but firm nudge: the new listing agreement is here, it looks a lot different than the old one, and the implementation deadline at the end of August is coming fast.
This Is Not Your Old Listing Agreement
The new form has a lot of changes, and it presents very differently than the listing agreement you have been using for years. If you plan to pull it up for the first time at a listing appointment, that is a recipe for fumbling in front of a seller.
A listing agreement is the foundation of your relationship with a seller. You should be able to explain every paragraph with confidence, not discover them alongside your client.
Get Trained Before You Need It
Stephen has recorded a YouTube video that walks through the new listing agreement paragraph by paragraph. If you want training specific to the new form, that walkthrough on his channel is a great place to start.
Pair it with a conversation with your broker-in-charge about how your firm wants certain sections completed, and you will be ready long before the deadline.
The Practical Takeaway
Do not wait until the last week of August. Read the form, watch the walkthrough, practice explaining it, and bring your questions to your broker-in-charge. Stephen is also happy to answer questions. The new form is coming fast, so be ready.
This BIC Tip is general real estate education for licensees and consumers, not legal, tax, or financial advice. Rules and forms change, so verify current NCREC rules, MLS rules, and standard forms, and consult a North Carolina attorney or qualified professional about your specific situation. See Disclaimers & Disclosures.
