Get the free Exclusive Brokerage Listing Addendum to Listing Contract. Colorado Real Estate Commi...

1 2 3 4 5 6 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (EBA53-8-13) (Mandatory 1-14) THIS FORM HAS IMPORTANT LEGAL

How to fill out exclusive brokerage listing addendum

How to fill out exclusive brokerage listing addendum:

1. Start by carefully reviewing the terms and conditions of the exclusive brokerage listing agreement. Familiarize yourself with the specific requirements and obligations stated in the agreement.
2. Obtain a copy of the exclusive brokerage listing addendum form from your real estate agent or brokerage firm. This additional document is typically used to modify or add specific terms to the original listing agreement.
3. Read the addendum form thoroughly and understand the purpose of each section. It may cover topics such as commission splits, additional services, marketing strategies, or any other negotiations made between the seller and the brokerage firm.
4. Fill in the necessary information accurately in the respective fields of the addendum form. This may include details such as the property address, listing price, desired commission rate, duration of the agreement, or any special conditions agreed upon.
5. Consult with your real estate agent or brokerage firm if you have any questions or need clarification on certain sections of the addendum form. They can provide guidance based on your specific situation and the requirements of your local real estate market.
6. Review the completed addendum form one more time to ensure all the information is correctly filled out. Verify that all parties involved have signed and dated the document as required.
7. Make copies of the filled-out addendum form for your own records, as well as for the seller's and brokerage firm's documentation.
8. Submit the addendum form to the appropriate parties involved, such as the seller, the brokerage firm, or any other relevant stakeholders. Follow any specific instructions or procedures provided by your real estate agent or brokerage firm.
9. Keep track of any follow-up actions or requirements that may arise from the addendum, such as providing additional documentation or updating marketing materials.

Who needs the exclusive brokerage listing addendum:

1. Sellers who have entered into an exclusive brokerage agreement with a real estate agent or brokerage firm. This addendum allows the seller to modify or add specific terms to the original listing agreement, ensuring that both parties' interests are addressed.
2. Real estate agents or brokerage firms that work with sellers under an exclusive brokerage agreement. The addendum provides a way to document any negotiations or changes to the original agreement, ensuring clarity and mutual understanding between the parties involved.
3. Any other stakeholders who have a legal interest in the property's sale, such as attorneys or potential buyers' agents. They may need access to the exclusive brokerage listing addendum to understand the specific terms and conditions of the agreement.

For pdfFiller’s FAQs

What is exclusive brokerage listing addendum?

The exclusive brokerage listing addendum is a document that is added to a real estate listing agreement to specify certain terms and conditions that are exclusive to that particular broker or brokerage.

Who is required to file exclusive brokerage listing addendum?

The seller and the real estate brokerage that have entered into an exclusive listing agreement are required to file the exclusive brokerage listing addendum.

How to fill out exclusive brokerage listing addendum?

The exclusive brokerage listing addendum can be filled out by specifying the additional terms and conditions that are agreed upon between the seller and the real estate brokerage. It usually requires signatures from both parties.

What is the purpose of exclusive brokerage listing addendum?

The purpose of the exclusive brokerage listing addendum is to clarify and specify any exclusive terms and conditions that are not covered in the main listing agreement.

What information must be reported on exclusive brokerage listing addendum?

The exclusive brokerage listing addendum must include details such as the duration of the exclusivity, any additional services provided by the brokerage, and any special terms or conditions.

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