FSBO - For Sale by Owner - One Party Listing Agreements

How to correctly collect a commission from a For Sale By Owner.

When contacting a For Sale By Owner (FSBO) at FIRST CONTACT you must identify yourself as a real estate agent and let them know you will be seeking a commission and the amount of your commission.

Additionally, you should document your conversation & agreement using the "For Sale By Owner Showing Compensation Agreement". This form is located in the Dotloop templates section.

Dotloop > Templates > [REGION] Forms (Folder with all forms for your region) > For Sale By Owner Showing Compensation agreement

We at Key Realty generally do not support one-party listing agreements for FSBOs as this may create some conflicting agency issues for the buyer's agent.

1. Identify yourself as an agent and let them know you want a commission.
   
   
2. Use the "For Sale by Owner Showing Compensation Agreement" (Dotloop).
   
   
3. Avoid one-party listing agreements. They create some agency issues.
   
   
4. Get an Exclusive Buyer Agency Agreement to protect your right to commissions.
   
   
5. Get the agreement signed before showing the house!