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Get the free Addendum to Listing Contract (Commission Agreement) PROPERTY ADDRESS: It is agreed t...

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Addendum to Listing Contract (Commission Agreement) PROPERTY ADDRESS: It is agreed that upon the sale and close of escrow of the subject property, $ of West USA Realty commission will be held in West
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How to fill out addendum to listing contract

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How to fill out addendum to listing contract:

01
Obtain a copy of the original listing contract: Start by obtaining a copy of the original listing contract that you are planning to amend or add to. This will help ensure that you have all the necessary information and terms to reference when filling out the addendum.
02
Clearly identify the parties involved: Make sure to clearly identify the parties involved in the addendum. This will typically include the name and contact information of the buyer, seller, and any other relevant parties.
03
Specify the purpose of the addendum: Clearly state the purpose of the addendum, whether it is to amend certain terms of the original contract, add additional conditions, or any other changes that are being made.
04
Specify the changes or additions: Clearly outline the changes or additions being made to the original contract. This can include modifications to the purchase price, closing date, contingencies, and any other relevant terms. Be specific and provide details to avoid any confusion in the future.
05
Obtain signatures: Once the addendum is filled out, make sure to obtain the necessary signatures from all parties involved. This will help ensure that the addendum is legally binding and enforceable.

Who needs addendum to listing contract:

01
Sellers: Sellers may need an addendum to the listing contract in order to make changes to the original terms of the agreement, such as adjusting the asking price, extending the listing period, or adding additional conditions.
02
Buyers: Buyers may also need an addendum to the listing contract if they wish to make changes to the terms of the agreement, such as requesting repairs, adding contingencies, or modifying the closing date.
03
Real estate agents: Real estate agents may recommend or require an addendum to the listing contract in order to formalize any changes or additions made to the original agreement. This helps protect both the buyer and seller and ensures that all parties are aware of and agree to the updated terms.
In summary, filling out an addendum to a listing contract involves obtaining a copy of the original contract, clearly identifying the parties involved, specifying the purpose of the addendum, outlining the changes or additions being made, and obtaining the necessary signatures. Both sellers and buyers may require an addendum, and real estate agents may also recommend its use to ensure clarity and agreement on any modifications to the original contract.
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An addendum to a listing contract is a document that supplements and modifies the terms of the original listing agreement.
Either party involved in the listing contract, such as the property owner or the real estate agent, may be required to file an addendum.
To fill out an addendum to a listing contract, make sure to clearly state the changes or additions to the original agreement, have all parties involved sign and date the document, and attach it to the original contract.
The purpose of an addendum to a listing contract is to modify or add to the terms of the original agreement without having to create an entirely new contract.
The addendum must include a clear description of the change or addition to the original listing agreement, along with signatures and dates from all parties involved.
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