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Listing Addendum / Modification Seller: Property Address: MLS Listing No. Date: The following is an addendum to the above-described exclusive right of sale listing agreement by and between Seller
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How to fill out listing addendum modification
How to fill out listing addendum modification:
01
Obtain the listing addendum modification form. This form is typically provided by the agent or broker handling the listing.
02
Review the original listing agreement. Familiarize yourself with the terms and conditions of the original agreement that you wish to modify.
03
Clearly identify the changes you want to make. Whether you want to add or remove certain terms, specify them clearly in the modification form.
04
Provide a detailed explanation for the modification. If there is a specific reason or circumstance behind the modification, make sure to include this information in the provided space.
05
Include the effective date of the modification. Indicate the date from which the changes will become applicable and enforceable.
06
Sign the modification form. Both parties involved in the listing agreement, typically the seller and the listing agent, need to sign the modification form.
07
Provide a copy to all relevant parties. Distribute copies of the completed and signed modification form to all parties involved, such as the seller, buyer, and any other individuals or entities affected by the modification.
Who needs listing addendum modification?
Listing addendum modification may be needed by:
01
Sellers who wish to make changes to the terms and conditions of their existing listing agreement, such as adjusting the asking price or adding additional requirements.
02
Buyers who have negotiated changes to the original listing agreement, such as including additional contingencies or modifying closing dates.
03
Real estate agents or brokers who need to update the terms of the agreement due to changes in the market or specific client requests.
Remember, it is important to consult with a qualified real estate professional or legal advisor to ensure that the listing addendum modification is completed accurately and in compliance with applicable laws and regulations.
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What is listing addendum modification?
Listing addendum modification refers to making changes or additions to the original listing agreement in real estate transactions.
Who is required to file listing addendum modification?
The seller or their authorized agent is required to file the listing addendum modification.
How to fill out listing addendum modification?
Listing addendum modification can be filled out by providing the necessary changes or additions to the original listing agreement and signing it.
What is the purpose of listing addendum modification?
The purpose of listing addendum modification is to document any changes or additions to the original listing agreement to ensure clarity and transparency in the real estate transaction.
What information must be reported on listing addendum modification?
The listing addendum modification must include details of the changes or additions made to the original listing agreement, as well as the date of modification.
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