Get the free NON-EXCLUSIVE bRESIDENTIAL LISTING AGREEMENTb Owner bb

REVIEW WEST TOWN PHONE/FA X ONLINE 2901 N Halsted 1448 N Western (773) 698 6648 fultongrace.com Chicago, IL 60657 Chicago, IL 60622 (773) 634 8319 info fultongrace.com NONEXCLUSIVE RESIDENTIAL LISTING

How to fill out non-exclusive bresidential listing agreementb

How to fill out non-exclusive residential listing agreement?

1. Gather necessary information: Start by collecting all the required information such as the property address, owner's name and contact details, and any specific terms or conditions that should be included in the agreement.
2. Identify parties involved: Clearly identify the parties involved in the agreement, which typically include the property owner or owners and the real estate agent or brokerage. Include their full legal names and addresses.
3. Outline the property details: Provide a thorough description of the property being listed, including its physical address, legal description, and any other relevant details such as square footage, number of rooms, amenities, etc.
4. Specify the listing price and terms: Clearly state the desired listing price for the property and any specific terms or conditions that apply. This may include the duration of the listing agreement, any exclusions or inclusions, and any special instructions or limitations.
5. Include agent's duties and responsibilities: Outline the obligations of the real estate agent or brokerage, including their responsibilities in marketing the property, arranging showings, conducting negotiations, and any other services that will be provided.
6. Mention owner's obligations: Specify the obligations of the property owner, such as allowing access to the property, maintaining the property's condition, providing accurate information, and cooperating with the agent's efforts to sell or lease the property.
7. Include compensation details: Clearly state the compensation agreement between the agent and the property owner. This typically includes the commission percentage or fee that the agent will receive upon the successful sale or lease of the property.
8. Include any additional clauses: Depending on the specific circumstances, you may need to include additional clauses in the agreement. These could include provisions for termination, dispute resolution, or any other relevant terms to protect the interests of both parties.

Who needs a non-exclusive residential listing agreement?

1. Property owners: Any individual or entity who wants to sell or lease their residential property with the assistance of a real estate agent or brokerage.
2. Real estate agents or brokerages: Professionals or companies who provide real estate services and want to secure the right to market and represent the property owner in the sale or lease process.
3. Buyers or tenants: Potential buyers or tenants may indirectly benefit from a non-exclusive residential listing agreement as it helps ensure that the property is accurately and effectively marketed, making it more accessible for them to find suitable homes.

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