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LISTING AGENT PHONE NUMBER FAX NUMBER EMAIL ADDRESS EXCLUSIVE AGENCY AGREEMENT TO LEASE EXCLUSIVE LISTING AGREEMENT In consideration of both (Owner) granting to Apartment Finders, LLC d/b/a Chicago
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How to fill out exclusive listing agreement
How to fill out an exclusive listing agreement:
01
Start by reviewing the document carefully. Read through each section to understand what information is required and what terms and conditions will apply.
02
Gather all necessary information and documents. This may include property details, ownership documents, and any relevant supporting documentation.
03
Complete the basic information section. This typically includes the property address, owner's name and contact information, real estate agent's name and contact information, and the agreed-upon listing price.
04
Specify the listing period. Indicate the duration of the exclusive listing agreement, which is the length of time the agent will have exclusive rights to market and sell the property.
05
Describe the agent's responsibilities. Outline the agent's duties, such as marketing and advertising the property, arranging property showings, and negotiating offers on behalf of the owner.
06
Determine the commission and payment terms. Clearly state the agreed-upon commission percentage or amount the agent will receive upon the successful sale of the property. Also, include information on when and how the agent will be paid.
07
Include any additional terms and conditions. This may involve specific instructions for property access, required repairs or inspections, or any other specific agreements made between the owner and the agent.
08
Sign and date the agreement. Make sure both the owner and the agent sign the exclusive listing agreement, and include the date of execution.
09
Keep a copy for your records. It's essential to have a copy of the fully executed exclusive listing agreement for future reference or any potential disputes.
Who needs an exclusive listing agreement?
01
Property owners who want to sell their property through the assistance of a real estate agent or broker generally need an exclusive listing agreement. This agreement gives the agent exclusive rights to market and sell the property for a specific period.
02
Real estate agents or brokers who want to represent a seller and have exclusive rights to market and sell a property should also utilize an exclusive listing agreement. This agreement establishes the agent's responsibilities, commission, and payment terms.
03
Exclusive listing agreements are commonly used in the real estate industry and are beneficial for both property owners and agents as they provide a clear understanding of the terms and obligations involved in the property sale process.
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What is exclusive listing agreement?
An exclusive listing agreement is a contract between a real estate agent and a property owner where the agent has the sole right to market and sell the property.
Who is required to file exclusive listing agreement?
Real estate agents and property owners are required to file an exclusive listing agreement.
How to fill out exclusive listing agreement?
To fill out an exclusive listing agreement, parties must include property details, terms of the agreement, commission rates, and signatures of all parties involved.
What is the purpose of exclusive listing agreement?
The purpose of an exclusive listing agreement is to give the real estate agent the exclusive right to market and sell the property, ensuring they receive the agreed-upon commission.
What information must be reported on exclusive listing agreement?
Information such as property details, listing price, commission rates, duration of the agreement, and signatures of all parties must be reported on an exclusive listing agreement.
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