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Exclusive Agency Listing Agreement This MLS Listing Agreement is made by and between hereinafter referred to as the Seller and Metro Realty, Inc., hereinafter referred to as Broker. Seller desires
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How to fill out exclusive agency listing agreement
How to fill out exclusive agency listing agreement:
01
Begin by entering the date of the agreement at the top of the document.
02
Include the full legal names of both the seller and the real estate agent or broker involved in the agreement.
03
Clearly outline the duration or term of the agreement, stating the start and end dates.
04
Specify the property being listed, providing the complete address and any necessary legal descriptions.
05
Clearly state the agreed-upon listing price for the property, including any conditions or contingencies.
06
Outline the commission structure, specifying the percentage or amount the agent or broker will receive upon the successful sale of the property.
07
Include any additional terms or conditions relevant to the agreement, such as marketing strategies or specific responsibilities of both parties.
08
Sign and date the agreement, ensuring that both the seller and the agent or broker sign in the appropriate spaces.
09
Make copies of the fully executed agreement for both parties to retain for their records.
Who needs exclusive agency listing agreement:
01
Homeowners who are looking to sell their property and want to work with one specific real estate agent or broker.
02
Real estate agents or brokers who want to have an exclusive right to represent and sell a particular property.
03
Individuals or investors who wish to enlist the services of a professional agent or broker to ensure a successful and efficient property sale.
Please note that it is always recommended to consult with a legal professional or real estate expert when filling out any legal documents or agreements to ensure compliance with local laws and regulations.
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What is exclusive agency listing agreement?
An exclusive agency listing agreement is a contract between a real estate agent and a seller that grants the agent the exclusive right to market the property for a specified period of time, but allows the seller to find a buyer on their own without owing the agent a commission.
Who is required to file exclusive agency listing agreement?
The real estate agent and the seller are required to file the exclusive agency listing agreement.
How to fill out exclusive agency listing agreement?
The exclusive agency listing agreement can be filled out by including all relevant details such as the property address, listing price, commission rate, duration of the listing agreement, and any additional terms and conditions.
What is the purpose of exclusive agency listing agreement?
The purpose of an exclusive agency listing agreement is to provide the real estate agent with the exclusive right to market the property and earn a commission if they are the one to secure a buyer.
What information must be reported on exclusive agency listing agreement?
The exclusive agency listing agreement must include details such as the property address, listing price, commission rate, duration of the listing agreement, and any additional terms and conditions.
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