Get the free Exclusive Right to Sell Listing Agreement

This document is an Exclusive Right to Sell Listing Agreement approved by the North Dakota Association of REALTORS®. It is a legal contract between the Seller(s) and a Broker, granting the Broker exclusive rights to market and sell the property described in the agreement. The form outlines the responsibilities of both parties, listing terms, commission details, and various disclosures necessary for a real estate transaction in North Dakota.

How to fill out exclusive right to sell

How to fill out exclusive right to sell

1. Obtain the exclusive right to sell agreement form from a real estate agency or legal resource.
2. Fill in the seller's name and contact information at the top of the form.
3. Provide a detailed description of the property being sold, including the address and any relevant details.
4. Specify the term of the agreement, including start and end dates.
5. Outline the commission structure for the agent, including percentage or fixed fee.
6. Detail any additional terms or conditions that may apply, including responsibilities of the agent and seller.
7. Review the document carefully for accuracy and completeness.
8. Both the seller and agent should sign and date the agreement to make it legally binding.

Who needs exclusive right to sell?

1. Sellers who want to ensure that one agent has exclusive rights to sell their property.
2. Real estate agents seeking certainty in their sales commitments.
3. Property owners looking to maximize exposure and marketing for their listings.

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What is exclusive right to sell?

The exclusive right to sell is a legal agreement that grants a real estate agent or broker the sole right to sell a property for a specified period of time, ensuring that the agent will receive a commission regardless of who finds the buyer.

Who is required to file exclusive right to sell?

The property owner who wishes to engage a real estate agent to sell their property is required to file the exclusive right to sell agreement.

How to fill out exclusive right to sell?

To fill out an exclusive right to sell agreement, the property owner must provide details such as the property address, the agreed sale price, the duration of the agreement, and the commission rate for the agent.

What is the purpose of exclusive right to sell?

The purpose of the exclusive right to sell is to provide the real estate agent with a legal guarantee of commission when the property is sold, incentivizing the agent to invest time and resources into marketing the property.

What information must be reported on exclusive right to sell?

The information that must be reported on an exclusive right to sell includes the names of the parties involved, property description, listing price, commission structure, and any special conditions or terms.