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Exclusive Agency Listing Contract Addendum Credit Card Authorization Fill in the blanks, print, sign and fax to 18889365478 1 For the property located at: Real Property Street Address: 2 Unit No.:

How to fill out exclusive agency listing contract

How to fill out an exclusive agency listing contract:

1. Start by gathering all the necessary information: Make sure you have the complete details of the property being listed, including the address, legal description, and any unique features or amenities. Also, ensure you have the contact information of the seller and the listing agent.
2. Provide a thorough description of the property: Include all relevant information about the property, such as the number of bedrooms and bathrooms, square footage, and any recent renovations or upgrades. It is essential to accurately describe the property to attract potential buyers.
3. Determine the listing price: Work with the seller to determine an appropriate listing price for the property. This might involve conducting a comparative market analysis or seeking the advice of a real estate professional. Ensure that the seller agrees with and signs off on the listing price before proceeding.
4. Establish the listing term: Decide on the duration of the exclusive agency listing agreement. Typically, this is a mutually agreed-upon period during which the seller agrees not to work with any other real estate agents to market and sell the property. Common listing terms range from three to six months, but it can vary depending on the market conditions and the specific circumstances.
5. Define the commission structure: Specify the agreed-upon commission or fee that the listing agent will receive upon the successful sale of the property. This is usually a percentage of the final sale price. Be sure to include any details about how the commission will be split if another real estate agent brings the buyer.
6. Outline marketing and advertising strategies: Discuss and agree upon the marketing and advertising efforts that the listing agent will undertake to promote the property. This may include online listings, professional photography, staging, open houses, signage, and other marketing techniques. Ensure that the efforts align with the seller's expectations.
7. Include any additional terms and conditions: If there are any specific requirements or conditions that both parties agree upon, be sure to include them in the contract. This may include limitations on showings or restrictions on property access. Clarify any obligations or responsibilities the seller has during the listing period.

Who needs an exclusive agency listing contract:

1. Sellers who want to work with a dedicated real estate agent: An exclusive agency listing contract is useful for sellers who prefer to have one agent exclusively represent them throughout the selling process. This type of contract ensures the seller has a committed agent who will prioritize their interests and work diligently to secure a buyer.
2. Sellers who want to control the marketing and sale of their property: With an exclusive agency listing contract, the seller has greater control over the marketing and sale process. They can work closely with the listing agent to determine the listing price, marketing strategies, and any other specific requirements they have for selling their property.
3. Sellers who want to avoid paying multiple commissions: By signing an exclusive agency listing contract, the seller agrees to work exclusively with one agent. This means they will avoid paying multiple commissions to multiple agents if more than one agent is involved in the sale. It provides financial benefits for the seller while ensuring the agent's commitment to the sale.

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What is exclusive agency listing contract?

Exclusive agency listing contract is an agreement between a real estate agent and a seller where the agent has the exclusive right to sell the property for a specified period of time, but the seller retains the right to sell the property themselves without having to pay a commission to the agent.

Who is required to file exclusive agency listing contract?

The real estate agent and the seller are required to file the exclusive agency listing contract.

How to fill out exclusive agency listing contract?

To fill out an exclusive agency listing contract, both the agent and the seller must agree on the terms and conditions of the agreement, including the listing price, commission rate, and duration of the contract.

What is the purpose of exclusive agency listing contract?

The purpose of an exclusive agency listing contract is to give the real estate agent the exclusive right to market and sell the property on behalf of the seller, while still allowing the seller to sell the property themselves without having to pay a commission to the agent.

What information must be reported on exclusive agency listing contract?

The exclusive agency listing contract must include the property address, listing price, commission rate, duration of the contract, and any other terms and conditions agreed upon by the agent and the seller.