Exclusives. do they benefit the seller?

Exclusive isn't advantageous to you at all. In fact, it may take longer for you to sell since no other companies besides the company you list with will know about the listing. I suggest to not list exclusively unless you have an extremely high-end property and want privacy or don't want anyone to know about the sale (usually what is done with celebrities, politicians and other high-profile clientele). I use to work in a real estate office as a receptionist and I know for a fact that the company would want you to get an exclusive so they don't have to split commission and the agent would usually receive a small cash bonus. I'm not saying thats done in a companies but I do know it's done in a lot of them.

#2 in which screw up office did your work?
#1 absolute wrong take on the exclusive. Let your broker explain what she can do with the exclusive in addition to an open listing

I second #3. However, I have heard that many brooklyn brokers do not cobroke. That would take away the benefit of the exclusive, so make certain that they adhere to those rules as co-broking is essential.

#3 sounds like a broker that doesn't want to share commission, exclusives are stupid, especially in Brooklyn, they have no MLS, Rolex whatever and they rarely co-broke.

Why was #2 deleted? There was NOTHING wrong with the post, StreetEasy, it was an opinion which is what a forum is for, to exchange OPINIONS... jerks.

Streeteasy deletes posts all the time that are unoffensive, but seem to not jive with whatever agenda they have...

you wont even know it unless you pay attention to the post counter under the timestamp on each post...

theyre shaping conversation....pretty ridicolous

Exclusives are stupid, stick with an open listing.

Either FSBO or sign an exclusive. Now if you wish to fsbo you can still offer buyers brokers 2.5 or 3% to get them to bring their customers, but you need to really market it and try to sell it yourself. I would never give an open listing and then forget about it because none of these brokers are going to devote much energy to a listing not their own. So either you need to be your own broker, so to speak, or get a really good one as an exclusive broker. (assuming they cobroke in brookly as in manhattan) Just giving out the listing as open without either you as the owner or an exclusive broker really pushing and handling the marketing etc is probably the worst of all worlds

We only remove comments that are obscene or offensive. We accidentally removed comment #2 while removing other offensive comments that were posted today.

The advantage to an exclusive is called a kickback. Accept personal checks only.

This is the first time I hear that Brookly brokers do not cobroke. How true is this? I want to buy with my own buying broker.

They just don't do it, there are no regulations. I think that you should put comment #2 back up there support_walker... it's wrong to shape conversations. But, I assume this comment will be removed too because I'm speaking out against StreetEasy.

anonymous #13--I am not a spokesman for streeteasy, but they put comment #2 back quite a while ago.yesterday or even the day before.

It wasn't there 1 hour ago..

I saw it come back not that longer after streeteasy posted explaining the mistake.And when I noticed post #13 I scrolled up to check again and it was there. Very weird.

Any firm that is a member of REBNY must co-broke within 72 hours of getting the exclusive. You should give an exclusive to a REBNY member, they will be able to get you the best deal for your apartment with the co broke exposure

You should always ask if the broker is REBNY, only then you know for sure that your listing gets the exposure to secure a fast deal. A lot of non REBNY brokers do not co-broke so they don't have to split commissions. Only after a while when they are not able to find buyers on their own, they suddenly do co-broke.

Most of the major Brooklyn RE companies do co-broke - with notable exception Aguayo/Huebner. If you're going to use a mom and pop, then you're better off going FSBO. But if you want to use a major company and their website and their marketing dollars then you're going to have to sign an exclusive.