In this episode (#165) of KT Confidential, The Real Estate Podcast, Adrian and Ariel talk about what a Holdover Clause represents as well as Real Estate Holdbacks. The holdover period is the time after a listing agreement expires during which the listing brokerage is entitled to a commission if the property is sold to someone who was introduced to it while it was listed.
All of that and more on KT Confidential – The Real Estate Podcast.
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Episode Breakdown:
00:00 – Intro
06:17 – What is a Holdover Period
09:33 – Holding Times
14:54 – Ariels Holdover Period Story
21:00 – Sellers Perspective on a Holdover Period
30:58 – What is a Real Estate Holdback
35:44 – Working with reputable companies
40:08 – Taking items that were part of the deal
46:31 – Outro
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Watch the previous episode here
Catch clips and highlights of the show here
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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two, compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.
