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Agreement Number RESIDENTIAL SELLER BROKERAGE AGREEMENT This form was developed by the Alberta Real Estate Association for the use of its members and may not be altered electronically by any person.
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How to fill out bresidential sellerb brokerage agreement
How to fill out a residential seller brokerage agreement:
01
Obtain a copy of the residential seller brokerage agreement form from a reliable source such as a real estate agent or an attorney specializing in real estate law.
02
Carefully review the entire agreement form to ensure you understand its terms and conditions. Seek professional advice if necessary.
03
Fill in the required personal information, including your name, address, contact details, and any co-sellers involved in the transaction.
04
Provide details about the property being sold, such as the address, legal description, and any special features or amenities.
05
Specify the listing price or the desired price range for the property. Additionally, outline any specific terms or conditions related to the sale, such as the desired closing date or any contingencies.
06
Indicate the duration of the agreement, typically a specific number of days or months, during which the broker will have the exclusive right to represent you as the seller. Consider negotiating this timeframe based on your individual circumstances.
07
Clarify the commission structure, which typically includes a percentage of the final sale price paid to the broker upon successful completion of the transaction. Ensure that you understand the commission rate and any additional fees or expenses that may be applicable.
08
Include any additional provisions or addenda that you and the broker wish to include in the agreement. This could involve marketing strategies, open house schedules, or any other specific instructions related to the sale process.
09
Review the completed agreement thoroughly for accuracy and ensure that all essential sections have been properly filled out. It might be helpful to have another person, such as an attorney or a trusted advisor, review the document as well.
10
Sign and date the agreement, and provide copies to all relevant parties including yourself, the real estate broker, and any co-sellers involved.
Who needs a residential seller brokerage agreement?
01
Homeowners looking to sell their residential property with the assistance of a real estate broker.
02
Real estate brokers or agents who are representing homeowners in the sale of their residential property.
03
Buyers or investors interested in purchasing a residential property through a broker who represents the seller.
Note: It is important to consult with a local real estate attorney or a qualified real estate professional to ensure compliance with specific laws and regulations in your jurisdiction.
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What is residential seller brokerage agreement?
A residential seller brokerage agreement is a contract between a homeowner/seller and a real estate brokerage firm, outlining the terms and conditions of the real estate transaction.
Who is required to file residential seller brokerage agreement?
The homeowner/seller is required to file the residential seller brokerage agreement.
How to fill out residential seller brokerage agreement?
To fill out a residential seller brokerage agreement, both parties must provide their personal information, property details, commission rates, and any other relevant terms.
What is the purpose of residential seller brokerage agreement?
The purpose of a residential seller brokerage agreement is to establish the relationship between the homeowner/seller and the real estate brokerage firm, and to define the terms of the real estate transaction.
What information must be reported on residential seller brokerage agreement?
The residential seller brokerage agreement must include details such as the property address, listing price, commission rates, duration of the agreement, and any special conditions.
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