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ADDENDUM TO LISTING AGREEMENT SELLER OPT-OUTS This Addendum is hereby made a part of the Listing Agreement between, as Seller and as Broker, dated regarding the real property at (the Proper y”).

How to fill out addendum to listing agreement

How to Fill Out Addendum to Listing Agreement:

1. Review the existing listing agreement: Before filling out the addendum, carefully review the terms and conditions of the original listing agreement. This will help you understand the context and purpose of the addendum.
2. Identify the required changes: Determine the specific amendments or additional details that need to be included in the listing agreement. This can include modifications to the purchase price, additional terms and conditions, or any other changes relevant to the sale of the property.
3. Create a clear and concise addendum: Compose the addendum document using clear and concise language. Include a title indicating it is an addendum to the listing agreement, followed by a brief description of the changes being made.
4. Specify the parties involved: Clearly state the names of the parties involved in the listing agreement, such as the seller(s) and the listing agent(s). This ensures that the addendum is associated with the correct individuals and properties.
5. Detail the changes: Provide a comprehensive and specific explanation of the changes being made. This may involve adding or removing sections, adjusting deadlines, or introducing any other modifications deemed necessary.
6. Seek legal advice if needed: While not always required, it can be beneficial to seek legal advice when filling out the addendum. This ensures that the document is legally binding and protects the rights and interests of all parties involved.

Who Needs Addendum to Listing Agreement:

1. Sellers making significant changes: Sellers who wish to make significant changes to the terms and conditions of their listing agreement may need to fill out an addendum. This allows them to modify the agreement while ensuring all parties are aware of and agree to the changes.
2. Real estate agents and brokers: Real estate agents and brokers may also need to fill out an addendum to the listing agreement if they discover any discrepancies or if their clients request modifications to the original terms. This helps to accurately reflect the updated agreement between the seller and the agent or broker.
3. Buyers proposing alterations: In certain situations, buyers may propose alterations to the listing agreement as well. If such changes are agreed upon by the seller, an addendum can be filled out to document and enforce the revised terms.

It is important to note that the specific circumstances may vary, and it is always recommended to consult with a legal professional or real estate expert for advice tailored to your specific situation.

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What is addendum to listing agreement?

An addendum to a listing agreement is a document that is added to the original listing agreement to modify or add specific terms and conditions.

Who is required to file addendum to listing agreement?

The parties involved in the listing agreement, typically the real estate agent and the property owner, are required to file an addendum if they want to make changes or additions to the original agreement.

How to fill out addendum to listing agreement?

To fill out an addendum to a listing agreement, you need to review the original listing agreement and identify the specific terms or conditions that need to be modified or added. You then draft the addendum document, clearly stating the changes or additions, and ensure that it is signed by all parties involved.

What is the purpose of addendum to listing agreement?

The purpose of an addendum to a listing agreement is to modify or add specific terms and conditions to the original agreement. This allows the parties involved to address any changes or updates that may arise during the course of the agreement.

What information must be reported on addendum to listing agreement?

The information that must be reported on an addendum to a listing agreement depends on the specific changes or additions being made. Generally, it should include a clear description of the modified or added terms, the effective date of the changes, and the signatures of all parties involved.