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TERMINATION OF LISTING AGREEMENT Name of Brokerage Firm: Name(s) of Seller(s) or Landlord(s): Date: Hereby agree as follows: 1. The Brokerage Firm and the Seller(s) or Landlord(s) entered into a Listing

How to fill out termination of listing bagreementb

How to fill out termination of listing agreement?

1. Begin by reviewing the original listing agreement: Before filling out the termination form, it is important to familiarize yourself with the terms and conditions outlined in the original listing agreement. This will ensure that you understand the rights and obligations of both parties involved.
2. Obtain the termination of listing agreement form: Contact the appropriate real estate agency or broker to obtain the termination of listing agreement form. This form may be provided in physical or digital format, depending on the agency's procedures.
3. Fill out the necessary details: On the termination form, provide all the requested information accurately. This typically includes the names of the seller(s) and the listing agent, the property address, and the date of the original listing agreement.
4. Specify the reason for termination: In a separate section or on the termination form itself, you will need to state the reason for terminating the listing agreement. This may include reasons such as the property not selling within a specified timeframe, a change in personal circumstances, or a decision to work with a different agent or agency.
5. Sign and date the termination form: Once you have filled out all the necessary information, carefully read through the termination form to ensure its accuracy. Sign and date the document in the allocated spaces. If there are multiple sellers or agents, make sure all relevant parties sign the agreement.
6. Keep a copy for your records: It is recommended to keep a copy of the signed termination form for your personal records. This will serve as proof that the listing agreement has been officially terminated.

Who needs termination of listing agreement?

1. Home sellers: If you are a homeowner who has decided to take your property off the market or list it with a different agent, you will need a termination of listing agreement. This document terminates the contractual relationship between you (the seller) and the listing agent or agency.
2. Real estate agents or brokers: In some cases, a real estate agent or broker may also be responsible for initiating the termination of a listing agreement. This can occur if the agent determines that they are no longer able to effectively market the property or if the seller's circumstances change.
3. Both parties involved in the listing agreement: The termination of listing agreement is a mutual agreement between the seller and the listing agent or agency. It is beneficial for both parties to have a clear understanding of the termination process and to follow the necessary steps outlined in the agreement.

For pdfFiller’s FAQs

What is termination of listing agreement?

Termination of listing agreement is when a contract between a real estate agent and a property owner ends before the specified term.

Who is required to file termination of listing agreement?

Either the real estate agent or the property owner is required to file the termination of listing agreement.

How to fill out termination of listing agreement?

To fill out a termination of listing agreement, both parties must sign and date the form, indicating the reasons for the termination.

What is the purpose of termination of listing agreement?

The purpose of termination of listing agreement is to officially end the contract between the real estate agent and the property owner.

What information must be reported on termination of listing agreement?

The termination of listing agreement must include the property address, the names of the parties involved, the date of termination, and the reasons for termination.

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