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LIMITED SERVICE LISTING AGREEMENT Virtual Home Lister Fax: (888) 965-7544 support virtualhomelister.com This Limited Service Listing Agreement is between Brent Donna and Samantha Donna (Seller) and

How to fill out limited service listing agreement

How to fill out a limited service listing agreement:

1. Read the agreement carefully: Start by thoroughly reviewing the limited service listing agreement. Familiarize yourself with its terms and conditions, including the specific services being offered and any fees involved.
2. Provide accurate property information: Fill out the sections of the agreement that require property information. This includes details such as the property address, legal description, and any unique features or selling points.
3. Determine the listing price: Work with the listing agent or broker to determine an appropriate listing price for the property. This may involve conducting a comparative market analysis (CMA) to assess the property's value relative to similar homes in the area.
4. Identify the services needed: Select the specific services you would like the listing agent to provide. Limited service listing agreements typically allow you to choose from a range of services, such as marketing assistance, hosting open houses, or handling negotiations.
5. Set the term of the agreement: Decide on the duration of the agreement, which is typically a set period of time during which the listing agent will represent you. This can be negotiable, so consider your needs and preferences when selecting the term.
6. Review and sign the agreement: Once you have filled out all the necessary sections, carefully review the agreement again to ensure accuracy and completeness. If you have any questions or concerns, seek clarification from the listing agent or a real estate attorney. When you are satisfied, sign the agreement.

Who needs a limited service listing agreement:

1. Property owners looking to sell their home without full representation: A limited service listing agreement is suitable for homeowners who prefer to handle certain aspects of the selling process themselves, such as marketing or negotiations, while still benefiting from the assistance of a real estate professional.
2. Budget-conscious sellers: Limited service listing agreements often come with lower commission rates or a flat fee structure compared to full-service agreements. This arrangement can help sellers save on real estate agent fees while still accessing some level of professional support.
3. Experienced sellers or investors: Individuals with prior experience in real estate transactions or those knowledgeable about the selling process may choose a limited service listing agreement as they are comfortable taking on more responsibilities themselves.

Note: It is advisable to consult with a licensed real estate professional or attorney before entering into a limited service listing agreement to ensure that it aligns with your specific needs and complies with local real estate regulations.

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