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Addendum to Listing Agreement For Properties Listed Above Estimated Fair Market Value (FMV) I/We, have agreed to list my/our home with of. In accordance with our Listing Agreement, I/We have elected

How to fill out addendum to listing agreement

How to fill out addendum to listing agreement:

1. Read the existing listing agreement thoroughly: Before filling out the addendum, carefully review the original listing agreement to understand its terms, conditions, and any specific requirements.
2. Understand the need for the addendum: Determine the reason behind needing an addendum to the listing agreement. Whether it's a change in price, additional terms, or any other modification, having a clear understanding of the purpose will guide you in filling it out correctly.
3. Gather all required information: Collect all the necessary information for the addendum, such as the property address, owner's name, agent's details, and any relevant dates or deadlines.
4. Identify the amendment clause: Locate the section in the listing agreement that discusses amendments or addendums. Typically, this clause will outline the procedure and format for any modifications required.
5. Draft the addendum: Create a new document specifying the changes or additions required. Format it similarly to the original listing agreement, including the property details, parties involved, and a clear description of the modifications.
6. Specify the changes precisely: Clearly articulate the changes being made in the addendum. Whether it's a price adjustment, change in terms, or any other modification, provide specific details to avoid any confusion.
7. Seek legal advice if necessary: If the modifications are complex or involve legal implications, it's advisable to consult with an attorney to ensure compliance with local regulations and protect all parties' interests.

Who needs an addendum to listing agreement:

1. Sellers looking to make modifications: If the seller wishes to change any terms or conditions in the existing listing agreement, they may require an addendum.
2. Buyers proposing changes: In some cases, the buyer may propose modifications to the listing agreement, such as adjustments in the purchase price or additional contingencies. These changes can be made through an addendum.
3. Real estate agents or brokers: If the listing agent or broker needs to update or modify the existing agreement to reflect new information or changes requested by the parties involved, they would also require an addendum.

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What is addendum to listing agreement?

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

Who is required to file addendum to listing agreement?

Both the seller and the real estate agent or broker are required to file an addendum to a listing agreement.

How to fill out addendum to listing agreement?

To fill out an addendum to the listing agreement, you must include the additional terms or changes, date it, and have all parties involved sign and date the document.

What is the purpose of addendum to listing agreement?

The purpose of an addendum to listing agreement is to make any necessary changes or additions to the original listing agreement without having to create an entirely new document.

What information must be reported on addendum to listing agreement?

The addendum to listing agreement must include a clear description of the changes or additions being made, the date of the amendment, and the signatures of all parties involved.