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EXCLUSIVE AGENCY LISTING AGREEMENT This exclusive agency listing agreement is made on, 20, between Value Realty, referred to in this agreement as Broker, and Owner(s) Name(s): Owner address: City

How to fill out exclusive agency listing agreement

How to fill out exclusive agency listing agreement:

1. Gather all necessary information: Before filling out the agreement, make sure you have all the relevant information about the property, such as its address, details about the amenities, and any recent renovations or repairs.
2. Identify the parties involved: Clearly state the names and contact information of the parties involved in the agreement. This typically includes the property owner (the principal) and the real estate agent (the agent).
3. Specify the terms and conditions: Outline the duration of the agreement, including the start and end dates. Additionally, define any specific terms and conditions that both parties agree upon, such as the listing price, the agent's commission rate, and any exclusions or inclusions.
4. Describe the property: Provide a detailed description of the property being listed, including its size, layout, features, and any unique selling points.
5. State the listing price: Clearly state the desired listing price for the property, ensuring it is agreed upon by both the principal and the agent. This price should be realistic and competitive based on the current market conditions.
6. Determine the agent's commission: Specify the commission rate that the agent will be entitled to upon successfully selling the property. This rate should be agreed upon by both parties and is typically a percentage of the final sale price.
7. Address marketing and advertising strategies: Discuss the marketing and advertising strategies that the agent will employ to promote the property. This may include online listings, print advertisements, open houses, and any other methods deemed appropriate.
8. Include any additional terms: If there are any additional terms or conditions that need to be addressed, such as property maintenance responsibilities or specific showing instructions, ensure they are included in the agreement.

Who needs exclusive agency listing agreement:

1. Homeowners looking to sell their property: If you are a homeowner and want to enlist the services of a real estate agent to sell your property, you will need an exclusive agency listing agreement. This agreement ensures that the agent has the exclusive right to market and sell your property during the specified term.
2. Real estate agents: Real estate agents who want to establish an exclusive agreement with a homeowner to sell their property will also need an exclusive agency listing agreement. This agreement protects their interests and gives them the exclusive right to represent the property and earn a commission upon a successful sale.

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What is exclusive agency listing agreement?

Exclusive agency listing agreement is a contract between a real estate agent or broker and a property owner, granting the agent or broker the exclusive right to represent the owner in the sale of the property. Under this agreement, the owner retains the right to sell the property without paying a commission if they find a buyer themselves.

Who is required to file exclusive agency listing agreement?

The property owner is required to file the exclusive agency listing agreement.

How to fill out exclusive agency listing agreement?

To fill out an exclusive agency listing agreement, both the property owner and the real estate agent or broker need to provide their contact information, property details, listing price, commission terms, and any additional terms or conditions. The agreement should be signed and dated by both parties.

What is the purpose of exclusive agency listing agreement?

The purpose of an exclusive agency listing agreement is to establish the terms and conditions of the relationship between the property owner and the real estate agent or broker. It provides the agent or broker with the exclusive right to market and sell the property, while allowing the owner to still seek out potential buyers on their own.

What information must be reported on exclusive agency listing agreement?

The exclusive agency listing agreement should include the contact information of both the property owner and the real estate agent or broker, the property address, listing price, commission percentage, duration of the agreement, and any special terms or conditions.