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Exclusive Listing Agreement Addendum Appointment of Designated Agent(s) Seller(s) and Broker acknowledge that the Illinois Real Estate License Act of 2000 allows Broker to enter into an agreement

How to fill out exclusive listing agreement addendum

How to fill out exclusive listing agreement addendum:

1. Begin by reviewing the exclusive listing agreement that you have already entered into with your client. Understand the terms and conditions that are outlined in the original agreement.
2. Identify the specific details or changes that need to be added to the agreement. This could include additional clauses, special provisions, or amendments to certain sections.
3. Consult with your client and discuss the proposed changes or additions. Ensure that both parties are in agreement and understand the purpose and implications of the addendum.
4. Write down the specific language of the addendum. Use clear and concise language, and ensure that the terms and conditions are accurately described.
5. Include a title or heading for the addendum, stating that it is an "Exclusive Listing Agreement Addendum" or something similar.
6. Number each paragraph or section of the addendum for easy reference and organization.
7. Clearly state the effective date of the addendum to specify when the changes become valid and enforceable.
8. Include signature lines for both parties at the end of the addendum. Make sure that all necessary parties sign and date the document.
9. Keep a copy of the addendum for your records and provide a copy to your client for their records as well.

Who needs exclusive listing agreement addendum?

1. Real estate agents and brokers who have already entered into an exclusive listing agreement with a seller may need an addendum in certain situations.
2. Sellers who wish to make changes or additions to an existing exclusive listing agreement may require an addendum.
3. Buyers or investors who want to negotiate specific terms or conditions in an exclusive listing agreement may also need an addendum to capture those changes.

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What is exclusive listing agreement addendum?

An exclusive listing agreement addendum is a document that modifies or adds to the terms and conditions of an existing exclusive listing agreement between a seller and a real estate agent.

Who is required to file exclusive listing agreement addendum?

The seller and the real estate agent are required to file the exclusive listing agreement addendum.

How to fill out exclusive listing agreement addendum?

To fill out the exclusive listing agreement addendum, both parties should review the existing exclusive listing agreement, agree on any modifications or additions, and then sign and date the addendum.

What is the purpose of exclusive listing agreement addendum?

The purpose of the exclusive listing agreement addendum is to clarify or modify the terms of the original exclusive listing agreement to better suit the needs of the parties involved.

What information must be reported on exclusive listing agreement addendum?

The exclusive listing agreement addendum should clearly state the changes or additions to the original exclusive listing agreement, the reasons for these changes, and be signed and dated by both parties.