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ADDENDUM TO LISTING AGREEMENT mm/dd/YYY This Addendum to Listing Agreement is made on, to a Listing Agreement mm/dd/YYY dated, by and between (Seller) and (Broker) for the Property: 1. Subsequent
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How to fill out addendum to listing agreement
How to fill out addendum to listing agreement:
01
Obtain a copy of the original listing agreement: Before filling out the addendum to the listing agreement, make sure you have a copy of the original agreement. This will help you understand the terms and conditions that need to be modified or added.
02
Identify the modifications or additions: Carefully review the listing agreement and determine the changes or additions that need to be made. This could include adjusting the listing price, adding contingencies, or modifying any other terms relevant to the agreement.
03
Draft the addendum: Create a new document or use a template to draft the addendum. Include the necessary information, such as the names of the parties involved, the date, and a clear description of the modifications or additions being made. Ensure that the language used is clear, concise, and legally binding.
04
Seek legal advice if necessary: If you have any doubts or concerns regarding the addendum, it's advisable to consult an attorney or a real estate professional. They can help you understand the legal implications and ensure that the document complies with local regulations and requirements.
05
Obtain signatures: Once the addendum is drafted, review it with all parties involved. Make sure everyone understands the changes being made. Once everyone is in agreement, have each party sign and date the addendum. It's also a good idea to keep a copy of the addendum for your records.
Who needs addendum to listing agreement?
An addendum to a listing agreement may be needed in various situations:
01
If there are changes to the listing price: If the seller wants to adjust the listing price after the agreement has been signed, an addendum can be used to reflect this change.
02
When adding contingencies: If the seller or buyer wants to include additional contingencies, such as home inspections or financing conditions, an addendum can be used to outline these requirements.
03
In case of any other modifications: Any other changes or modifications to the original listing agreement can be documented through an addendum.
It's important to note that the specific circumstances may vary, and it's always recommended to consult with a professional to ensure that the addendum meets all legal requirements and properly reflects the desired modifications to the listing agreement.
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What is addendum to listing agreement?
An addendum to a listing agreement is a document that amends or adds to the terms of the original agreement.
Who is required to file addendum to listing agreement?
Both parties involved in the listing agreement are required to file the addendum.
How to fill out addendum to listing agreement?
The addendum should be filled out with the necessary changes or additions to the original listing agreement, signed by both parties, and attached to the original agreement.
What is the purpose of addendum to listing agreement?
The purpose of an addendum to a listing agreement is to make changes or additions to the terms of the original agreement without having to create an entirely new agreement.
What information must be reported on addendum to listing agreement?
The addendum should clearly state the changes or additions being made to the original listing agreement.
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