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This legally binding Exclusive Right to Sell Listing Agreement for Michigan real estate outlines the terms between the Seller and the Principal Broker, including commissions and responsibilities.
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How to fill out exclusive right to sell

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How to fill out exclusive right to sell

01
Fill out the names of all parties involved in the agreement.
02
Specify the property being listed for sale, including address and any unique features.
03
Clearly outline the terms of the agreement including duration, commission rate, and any additional fees.
04
Include clauses regarding termination, obligations of the parties, and any other relevant information.
05
Sign and date the agreement to make it legally binding.

Who needs exclusive right to sell?

01
Real estate agents who want to secure the exclusive right to sell a property on behalf of a seller.
02
Homeowners who want to ensure that only one agent is representing them in the sale of their property.
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Exclusive right to sell is a legal agreement that grants one party the sole and exclusive right to market and sell a property or product, preventing others from selling it.
Typically, the seller of the property or product is required to file an exclusive right to sell agreement with a designated agent or broker.
To fill out an exclusive right to sell, identify the parties involved, provide a detailed description of the property or product, state the listing price, and outline the terms and duration of the agreement.
The purpose of exclusive right to sell is to ensure that one specific agent or broker can represent the seller, creating a focused marketing effort and a clear commission structure.
Information that must be reported includes the property details, seller's and agent's information, listing price, commission amount, and duration of the agreement.
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Relevant keywords

Exclusive Right to Sell Listing Agreement Real Estate Broker MLS Property selling Brokerage commission Buyer agent Selling period Real Estate contract Fair Housing Laws

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