airlinelover
Posts: 5287
Joined: Thu Jun 07, 2001 8:03 am

Real Estate Question

Wed Mar 03, 2004 11:58 am

I've noticed on a lot of signs out in front of different properties, either residential or business, the for sale/rent/lease/whatever signs say "Brokers Protected"

What does this mean?

Chris
Lets do some sexy math. We add you, subtract your clothes, divide your legs and multiply
 
andersjt
Posts: 367
Joined: Tue Jul 22, 2003 3:50 am

RE: Real Estate Question

Thu Mar 04, 2004 6:16 am

"Brokers Protected" can mean a couple of things:

More often the sign has been posted by the property owner and they are telling all brokers that they are welcome and encouraged to bring in buyers/tenants and the owner will pay them a commission. Some owners are reluctant to get brokers/agents involved or give exclusive listings.

If the sign is posted by the broker with the listing on the property they are saying that there will be a commission split, or commission incentive to bring in a buyer/tenant.

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