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This document provides an exclusive agreement between a property owner and a broker for the sale of a residential property, detailing responsibilities, fees, terms, and conditions.
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How to fill out exclusive listing contract
How to fill out EXCLUSIVE LISTING CONTRACT - SALE
01
Title the document as 'Exclusive Listing Contract - Sale'.
02
Fill in the seller's full name and contact information.
03
Provide details of the property for sale including address and legal description.
04
Specify the listing period (start date and end date).
05
Outline the listing price of the property.
06
Include the commission rate agreed upon with the agent.
07
Detail the obligations of both the seller and the agent.
08
Include provisions for advertising and showing the property.
09
Ensure the seller signs and dates the contract.
10
Provide a copy of the signed contract to all parties involved.
Who needs EXCLUSIVE LISTING CONTRACT - SALE?
01
Homeowners looking to sell their property.
02
Real estate agents representing sellers.
03
Investors wanting to list their properties.
04
Landlords seeking to market their property for sale.
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People Also Ask about
What is the meaning of listing agreement exclusive right to sell?
Exclusive right to sell listing An exclusive right to sell grants a single real estate agency exclusive authority to market and sell a property, ensuring the listing agent earns a commission regardless of who finds the buyer. While this agreement is active, the property owner cannot use another agent.
What is an exclusive listing agreement?
An exclusive agency listing agreement gives a broker the right to market and sell a property for a specified time period. At the same time, the owner retains the right to find a buyer and sell the property without owing the broker a commission.
What does "exclusive sale" mean?
An exclusive sale is when someone is selling something and only one person is allowed to sell it. It's like having a special agreement with the seller that no one else can sell the same thing. It's different from a regular sale where lots of people can sell the same thing.
What is an exclusive contract?
Like its name suggests, an exclusive contract is one that restricts a party from providing the same goods/services to others for a specified period of time. This can also be applied in the context where a company obtains exclusive rights and agrees to do business exclusively with another company.
What does an exclusive list mean?
When you agree to an exclusive listing, only one REALTOR® is responsible for selling your home. No other REALTOR® can attempt to sell the property while the agreement is in place. The REALTOR® with exclusivity attempts to sell the home to a pre-selected group of buyers, usually found through their brokerage.
What are the three types of listing agreements?
The three types of listing agreements are: Exclusive Right to Sell Listing. Exclusive Agency Listing. Open Listing.
What are the three types of listing agreements?
The three types of listing agreements are: Exclusive Right to Sell Listing. Exclusive Agency Listing. Open Listing.
What is an exclusive listing contract?
An exclusive agency listing agreement gives a broker the right to market and sell a property for a specified time period. At the same time, the owner retains the right to find a buyer and sell the property without owing the broker a commission.
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What is EXCLUSIVE LISTING CONTRACT - SALE?
An Exclusive Listing Contract - Sale is a formal agreement between a property seller and a real estate agent or broker, granting the agent exclusive rights to sell the property within a specified time period.
Who is required to file EXCLUSIVE LISTING CONTRACT - SALE?
The seller of the property and the real estate agent or broker involved in the transaction are typically required to file the Exclusive Listing Contract - Sale.
How to fill out EXCLUSIVE LISTING CONTRACT - SALE?
To fill out an Exclusive Listing Contract - Sale, the seller and agent should provide accurate information regarding the property, sales terms, listing duration, agent commission, and signatures of both parties.
What is the purpose of EXCLUSIVE LISTING CONTRACT - SALE?
The purpose of an Exclusive Listing Contract - Sale is to establish a legal relationship between the seller and the agent, ensuring that the agent has the authority to market and sell the property while protecting the seller's interests.
What information must be reported on EXCLUSIVE LISTING CONTRACT - SALE?
Information that must be reported on an Exclusive Listing Contract - Sale includes the property address, seller's details, agent's details, listing price, commission structure, listing duration, and any specific terms agreed upon.
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