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This Exclusive Agency Listing Agreement is a legally binding contract between a seller and a broker, appointing the broker as the seller\'s sole and exclusive listing agent for the sale of real property. The agreement outlines the responsibilities of both parties, including terms for the listing period, listing price, broker compensation, and details regarding property conveyances and marketing strategies.
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How to fill out exclusive agency listing agreement

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How to fill out exclusive agency listing agreement

01
Begin with the date and names of the parties involved in the agreement.
02
Include a detailed description of the property being listed, including its address and key features.
03
Specify the duration of the listing agreement, including start and end dates.
04
Outline the commission rate that the agent will receive upon a successful sale.
05
Clarify the responsibilities of both the seller and the agent throughout the listing period.
06
Include clauses regarding the handling of offers and communication protocols.
07
Ensure there is a section for any additional terms or special instructions that may apply.
08
Have both parties sign and date the agreement to make it legally binding.

Who needs exclusive agency listing agreement?

01
Real estate sellers who want to ensure exclusive representation by an agent while retaining the ability to sell the property themselves.
02
Homeowners looking to list their property with an agent but still want to have the option to find a buyer independently.
03
Real estate agents looking to secure a commitment from sellers for listings.
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An exclusive agency listing agreement is a type of real estate contract that gives a single broker the exclusive right to represent the seller in the sale of a property. However, the seller retains the right to sell the property themselves without paying a commission to the broker.
Real estate brokers or agents representing the seller in a property sale are typically required to file the exclusive agency listing agreement.
To fill out an exclusive agency listing agreement, include details such as the seller's name, property address, listing price, duration of the agreement, and the broker's commission structure. It's important to ensure all parties involved sign the agreement.
The purpose of an exclusive agency listing agreement is to outline the terms under which a broker will market and attempt to sell a property while also allowing the seller the opportunity to sell the property independently.
The exclusive agency listing agreement must report the seller's information, property details, listing price, commission rate, duration of the agreement, and signatures from all parties involved.
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real estate listing agreement broker seller property sale MLS real estate commission property details Virginia real estate exclusive agency

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