I have never co-listed in my life. What's the rationale here? And I wouldn't agree to do so unless a seller requested a co-listing for some reason and even then would need to think about whether I want to co-list.

 32 new, young agents - what are they looking only for agents who have a pulse?! That's crazy and to require that you have to co-list is bizarre!

Either BOTH of you attended the listing presentation, know everything to know and sell the home AND have the sellers' permission or this is just WRONG on so many levels!

I would get the heck out of Dodge if my broker required this!

Who are you co-listing with?  I really don't have enough information here to provide meaningful feedback.  

Is there ONE agent that all other agents co-list with? 

Who is generating the business? 

I am not a fan of co-listing, especially if the co-agent is the one who actually brought in the business.  I know teams out here have a hard-on for this approach, mainly so the team lead gets the stats and looks like they do 100s of deals a year, while in all actuallity they have zero to do with the deals.

I think it's a scam that hurts the agents actually doing the work in the long run.

Have these young agents brought the listing in? If so, co-listing will give them experience. But if the more experienced agents brought the listing in, why would they do this? It is their listing.  I also question the Independent Contractor Status of these young agents. A brokerage cannot force anyone who is a true Independent Contractor to co-list unless they really want to.

You lose partial credit for the sale and oh by the way; you are an independent contractor, that can not be put upon you without some sort of incentive to do so.

The only time I have co-listed anything, the property was across the river in CA and needed a CA broker. We would execute broker engagement agreement, they would officially execute the listing, and I would market the property and bring the buyer.
Just like what Kathleen and Nina both said . . . what's the upside?

I spoke to someone on the top grossing team in my area awhile ago about this. She said that a negative is that one person will often list more than the other. You still have to do double the listings to break even because your commissions are split in half so that falls heavier on the lister. The positive part is the silver lining in that each person brings their best skills to the team & they focus on the tasks they are best at, making a well rounded, skilled team that can do more business.  

Well, that's an interesting question and " situation " that deserves more office/broker-agent discussion.  

I was trying to break into the luxury segment of our market.  I co-listed the first several listings, and it worked out wonderfully for both of us.  

I've never experienced that except with one subdivision.... I was invited in to get the darn thing sold....we split the listings.... when I sold one, it was replaced with one of the co-listing agent's homes.... I did 3 to 1.... and made out well....

I've never co- list a property with another agent.  If I'm out of town I will select an agent to help while I'm out.  Depending upon the work load, I usually pay for the service.

Like Kathleen Daniels said, we need more information to give an opinion. 

Rachel,

I agree with Nina Hollander .  The  co listings I have seen was on a $108 million dollar property which supposed to reach a wider audience on both coasts.  I can't say it works, because one the agents is competent, and the other is sitting on their duff and knows nothing...A

Not ever having done that, perhaps you could share some of your experiences with us.  How does it work in your office... procedurely and otherwise?  What do you see as pros and cons, Rachel?

 Pros...  can't think of any.

 Cons... you lose a chunk of the commission, maybe even half or more than half.

No way..I know I work harder than most

Whose in charge? Who gets paid what?

What would be the rationale in co listing?  If a new agent wants experience they can tag along with me on an open house or appointments.  I can't see any pros, only cons that you would be giving away part of your commission.

Not sure what benefit is being derived here. If a new agent brings in a potential listing, where is the managing broker to guide them. Why  would they give up half the commission?

Maybe in some type of mentor program for a period of time!

PROs 

1. agent gains experience
2. client is not left to ride a ship destined for the rocks
3. Agent is not burdened with receiving the entire agent compensation
4. Creates in the agent the understanding they are in business for themselves but not by them-self.
5. When the proverbial '...hits the fan' there will be someone else to blame. 

CON

1. Someone else is getting more benefit from your work
2. Do you really need more hands in your pocket
3. Agent does not mature their systems.
4. You may not know what's really happening behind the curtain
5. If not a VERY short term arrangement, you are playing the role of  a chump. Don't do it. Get a mentor instead.

I have never co-listed so I can't help. Interested to hear what others say. Are they co-listing within the brokerage?

Sounds like the Brokerage is trying to teach some new agents good habits.

The only pros are if you are on a team and split everything.

Rachel Milito - Good idea for sure.

Though I prefer to list on my own, no co-listing.

Our Team co-lists many listings depending on who actually generated the listing. I am going to spare you the details but it works for us.

That might be a good idea for a new agents first 3 listings, but it's not a common practice around here.

I co-list all mylistings, but my co-listing agent is my wife. On occasion, another agent in my office has asked me to co-list, their listing to help train them and provide support.  

If you need the help and don't mind a smaller pay day, do what's right for you. 

I have only co-listed a few times, for specific reasons each time. I don't want to do it again.

It's good for young agents as training. 

May be a way that they are encouraging mentorship between new and old agents.

That is an unusual requirement.

Rachel Milito I've co-listed with another agent for various reasons, but never with everyone in an office. In the long run there will be some animosity because some will be doing all the work and all will be benefiting. This will get old in a hurry. Make sure everything is in writing outlining responsibilities.

I would not, but see many "teams" do it.

I think, it is a great idea in general. Is it originally a new agent listings or new agents just added for more exposure?

Rachel Milito 

   I have not heard of co-listing ... is this working like one huge (brokerage team?) To delegate in a team format is great but there need to be assigned tasks so everything is done but not then being done multiple times or falling through the cracks either.

Sometimes agents co-list to pool their experience and gain a listing advantage. Sometimes they co-list because they are in different locales and help each other out. Sometimes NEW agents co-list their listings with an experienced agent. I don't know why experienced agents should co-list every one of their listings with a new agent. Every listing should be looked at on a case-by-case basis. Unless you are partnering with a person permanently and have some guidelines in place, it doesn't seem to make too much sense to co-list every listing. 

It would depend on the circumstances.

If it's a training exercise - why not?

I don't understand this as a standard practice. We do designated agency and that means one agent works with the seller or the buyer. This is better for confidentiality.

I do not co list any of my listings. If it is mine it is mine. Now if i was going to be away, then i would colist if they were going to take care of all contacts, calls, inquiries and such on that listing. If it is a partnership, yes, but just to do it, no way

One disadvantage is that the agent who should be recieving listing calls will not necessarily be getting them.  In our MLS, if it's a co-list their will be an agent 1 and agent 2.  You have to spell out who to call in the remarks section and even then buyer's agents will often call the wrong person.  Also, the agent may not be getting credit for sales on zillow etc.

I have never co-listed a property. 

We don't have enough info to understand your company's thinking ?

No idea.

Me too. I never had a co-listing, unless it is my office agents. 

That is a new concept. So the experienced agents co-list to help or train and share the listing? Is that the Broker model?  If its on every listing it seems weird. Sorry I just dont get it. 

No idea