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[13] [24] Vacasa has also partnered with Google to integrate available rental properties into search results for traveling and lodging. [25] It is the first vacation rental management company to do so. [26] Eric Breon stepped down as CEO of Vacasa on February 11, 2020. [27]
In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the property and negotiating a sales price. [11] The result is the seller pays less commission overall (roughly half) when the property sells. [ 11 ]
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
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