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Modification to Listing Agreement (Owner) or (Seller) and (Broker) agree to amend Florida Association of Realtors (Check one) Exclusive Right of Sale Listing Agreement, Exclusive Brokerage Listing

How to fill out modification to listing agreement

How to fill out modification to listing agreement:

1. Obtain a copy of the original listing agreement: Before filling out the modification, make sure you have a copy of the original listing agreement that is to be modified. This will serve as a reference point and ensure that the changes are accurately reflected.
2. Review the modification terms: Carefully go through the modification terms and understand what changes are being proposed. This can include adjustments to the listing price, contract duration, or other terms and conditions.
3. Consult with the other party involved: If you are the seller, discuss the proposed modifications with your real estate agent or broker. If you are the buyer, communicate with your agent or representative. It is essential to have a clear understanding of the modification terms and ensure that both parties are in agreement.
4. Make necessary changes and additions: Based on the proposed modifications, make the required changes to the listing agreement. This can involve updating information such as the new price, revised contract dates, additional terms, or any other modifications as specified.
5. Review and revise: Once you have made the necessary changes, review the modified agreement thoroughly. Check for any errors, inaccuracies, or inconsistencies. It is crucial to ensure that the modified agreement accurately represents the agreed-upon modifications.
6. Seek legal advice if necessary: If you have any doubts or concerns about the modification or its implications, it may be beneficial to consult with a real estate attorney. They can provide guidance, review the modification, and ensure that both parties' interests are protected.

Who needs modification to the listing agreement?

1. Sellers: Sellers may require a modification to the listing agreement if they want to make changes to the price, terms, or any other details after the initial agreement has been signed.
2. Buyers: In some cases, buyers might need a modification to the listing agreement if they want to negotiate changes to the terms or any other specific arrangements that were agreed upon during the buying process.
3. Real estate agents/brokers: Real estate agents or brokers who represent the seller or buyer may also be involved in the modification process. They can assist their clients in negotiating and filling out the modification to ensure that it accurately reflects the desired changes.

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