Single-Party Listing – Business Broker Terms – Free Consult
In Boca Raton, a Business Broker often faces the situation where a listing agreement with a seller is about to expire without a sale. The broker typically informs the seller, "Hey, our listing terminated, and we no longer have the right to show or advertise it as for sale, so good luck." Ideally, this prompts the seller to appreciate the broker's honest approach and professionalism, leading them to respond, "Wait a minute, I like the way you operate, let's keep going." At this point, the broker can convert the agreement into an "Exclusive Listing," ensuring a continued partnership aimed at successfully selling the property.