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ADDENDUM TO LISTING AGREEMENT FOR COMMERCIAL/INDUSTRIAL This Addendum made as of the day of 20 by and between and contains additions to the terms Listing Broker Seller and conditions of the Listing

How to fill out addendum to listing agreement

How to fill out addendum to listing agreement?

1. Begin by reviewing the original listing agreement: Before filling out the addendum, it is important to thoroughly read and understand the existing listing agreement. This will help you identify the specific changes or additions that need to be made.
2. Determine the purpose of the addendum: The addendum is typically used to modify certain terms or conditions of the original listing agreement. It can include changes to the listing price, commission rates, property disclosures, or any other relevant details. Identify the specific purpose for which you need to fill out the addendum.
3. Gather the necessary information: Collect all the relevant information needed to complete the addendum. This may include the property address, the name of the seller and the listing agent, and any specific amendments or modifications that need to be made.
4. Add a clear title: Start the addendum with a clear title that reflects the nature of the changes being made. For example, "Addendum to Listing Agreement – Change in Listing Price."
5. Provide a detailed description: In the body of the addendum, provide a clear and concise description of the changes being made. Use specific language and include all necessary details to avoid any confusion or ambiguity. Be sure to reference the specific sections or clauses of the original listing agreement that are being modified.
6. Include necessary signatures: Both the seller and the listing agent must sign and date the addendum to make it legally binding. Make sure that all parties involved understand and agree to the changes being made.

Who needs addendum to listing agreement?

1. Sellers: Sellers may require an addendum to the listing agreement if they wish to make changes to the original terms or conditions. This could include adjusting the listing price, extending the listing period, or adding additional stipulations.
2. Listing agents: Listing agents may also need to fill out an addendum if they need to make modifications to the original listing agreement. This could include changes to the commission structure, marketing strategies, or any other relevant details.
3. Both parties: In some cases, both the seller and the listing agent may mutually agree to make changes to the listing agreement. In such instances, both parties will need to fill out and sign the addendum to ensure that the modifications are properly documented and legally binding.

In summary, filling out an addendum to a listing agreement involves reviewing the original agreement, determining the purpose of the addendum, gathering the necessary information, providing a clear description of the changes, and obtaining the required signatures. The addendum may be needed by sellers, listing agents, or both parties to modify the terms or conditions of the original agreement.

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What is addendum to listing agreement?

An addendum to a listing agreement is a document that provides additional terms or conditions to the original listing agreement.

Who is required to file addendum to listing agreement?

Both parties involved in the listing agreement, typically the seller and the real estate agent, are required to file the addendum.

How to fill out addendum to listing agreement?

To fill out an addendum to a listing agreement, the parties must review the additional terms or conditions, make any necessary changes, and sign the document.

What is the purpose of addendum to listing agreement?

The purpose of an addendum to a listing agreement is to modify or add to the original terms of the listing agreement to address specific issues or situations that may arise.

What information must be reported on addendum to listing agreement?

The addendum must clearly state the additional terms or conditions being added to the original listing agreement.