Frank and Eleanor Vance have decided it's time to sell their long-time family home. With their children grown and living out of state, the large house at 1520 Hawthorne Lane in Troy, Michigan 48083, feels too big for just the two of them. They are ready to downsize and move closer to their grandchildren. Frank can be reached at his mobile number, 248-555-1182, while Eleanor prefers email at [email protected].

After interviewing a few agents, they felt an immediate connection with Brenda Stone of Prestige Properties MI. Today, March 24, 2026, Brenda is at the Vances' dining room table to finalize the listing agreement. Brenda's office is located at 29500 Northwestern Hwy, Southfield, MI 48034. Her direct line is 248-555-9400, and her supervisory broker is Arthur Finch. The Vances agree to a six-month exclusive listing period, which will begin tomorrow, March 25, 2026, and run through 11:59 PM on September 25, 2026.

The property is a single-family residential home located in Oakland County. Brenda makes a note of the items that will be included with the sale, adding the custom-built bookshelves in the den to the standard list of fixtures. Eleanor is firm about one thing: the antique brass chandelier in the dining room, a family heirloom, will be explicitly excluded from the sale and is coming with them. They all agree on a listing price of $475,000. Frank and Eleanor anticipate needing some time after the sale to pack, so they require possession to be delivered 30 days after closing. Should they fail to vacate by that date, they agree to a daily rate of $200.

Brenda explains the commission structure. Prestige Properties MI will receive a 6% commission on the final sale price. She also details the protection period, clarifying that if the Vances sell the home within 180 days after the contract expires to a buyer Brenda introduced to the property, the commission would still be due. They also discuss the unfortunate event of a buyer defaulting. It is agreed that should a buyer's deposit be forfeited, the brokerage will retain 50% of the forfeited amount as payment for services. Brenda then explains the importance of cooperating with other brokers. She tells them they have two options: either authorize her to offer a portion of her commission to an agent who brings a buyer, or not. Frank and Eleanor agree that attracting as many buyers as possible is the best strategy, so they explicitly authorize Brenda to offer cooperative compensation. They agree to offer 3% of the sale price to the cooperating broker, which will be paid from the total 6% commission. They confirm they do not want to choose the option of refusing cooperative compensation.

Continuing the discussion, Brenda asks if she has their permission to let potential buyers know that they might be willing to consider seller concessions for an otherwise strong offer. Frank agrees, stating, "Let's keep all our options open," thus authorizing Brenda to advise buyers of this possibility. Next, they discuss property access. Brenda recommends using a lock box to facilitate showings. Eleanor expresses some initial concern, but after Brenda explains the security protocols, they both agree it's the most practical approach. They give Brenda their authorization to place a lock box on the property, confirming they do not wish to prohibit its use. Frank mentions that there is a shared utility easement at the rear of the property, which should be noted. Finally, they confirm that they are both United States citizens. After reading through all the terms, Frank and Eleanor sign the agreement, ready to begin the next chapter of their lives.