Shannon Malone from Home Land Real Estate kyhomeland.com ,and Bob Sophiea from New Home Collective talk about Clear Cooperation and How To Stay Out of Trouble.

If you’re a real estate agent, it’s important that you understand the concepts of “clear cooperation”, “coming soon”, and “office exclusives”. Unfortunately, many agents don’t fully understand these terms and how they can benefit their clients. In this blog post, we’ll give you a brief overview of each concept and explain why they’re so important.

Clear Cooperation: What Is It and Why Does It Matter?
Clear cooperation is when listing agents agree to share their listings with other agents in the MLS. This allows for greater exposure of the property, which can ultimately lead to a quicker sale. In order to ensure that your listings are getting the maximum exposure possible, it’s important to make sure that you’re agreeing to clear cooperation whenever possible.

Coming Soon: What Is It and Why Does It Matter?
A coming soon listing is a property that is not yet on the market but will besoon. By marking a property as coming soon, you can generate interest and excitement among potential buyers before the property even hits the market. This can often lead to multiple offers and a quick sale.

Office Exclusives: What Are They and Why Do They Matter?
An office exclusive is a listing that is only shared with agents within the same brokerage office. While this may seem counterintuitive at first, there are actually some advantages to marking a property as an office exclusive. For example, it allows you to screen potential buyers in advance and only show the property to serious buyers who are pre-approved for financing. This can save you a lot of time and hassle in the long run.

As a real estate agent, it’s important that you understand the concepts of clear cooperation, coming soon, and office exclusives. By understanding how these statuses work and how to use them effectively, you can better serve your clients and close more deals.

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