Get the free Exclusive Right to Sell Listing Agreement

This document is a legally binding Exclusive Right to Sell Listing Agreement between the Seller and the Principal Broker, giving the broker exclusive rights to sell the specified property. It outlines the responsibilities of both parties, including commission agreements, marketing permissions, and the duration of the listing. Sellers are encouraged to seek legal advice before signing.

How to fill out exclusive right to sell

How to fill out exclusive right to sell

1. Begin by entering the names of the seller(s) at the top of the form.
2. Clearly specify the property address for which the exclusive right to sell is being granted.
3. Fill in the listing price that the seller agrees to sell the property for.
4. Outline the duration of the listing agreement, indicating start and end dates.
5. Include the commission percentage that will be paid to the real estate agent upon the sale of the property.
6. Specify any additional terms or conditions related to the sale, including repairs or concessions.
7. Ensure all parties sign and date the document to make it legally binding.

Who needs exclusive right to sell?

1. Homeowners who wish to sell their property and want to ensure their real estate agent has exclusive rights to represent them.
2. Real estate agents looking to secure a formal agreement with sellers to avoid competition from other agents.
3. Sellers who want to establish a clear timeframe and commission structure for their property sale.

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What is exclusive right to sell?

The exclusive right to sell is a legal agreement that grants a particular agent or broker the sole right to sell a property for a specified period, preventing the owner from engaging other agents during that time.

Who is required to file exclusive right to sell?

The property owner or seller is typically required to file the exclusive right to sell agreement, designating a real estate agent as the exclusive representative for the sale.

How to fill out exclusive right to sell?

To fill out an exclusive right to sell agreement, the seller should provide property details, agent information, commission structure, and the time duration of the agreement, ensuring all parties sign the document.

What is the purpose of exclusive right to sell?

The purpose of the exclusive right to sell is to provide the designated agent with the assurance that they will be the only agent representing the sale, thus motivating them to invest effort in marketing and selling the property.

What information must be reported on exclusive right to sell?

The exclusive right to sell must report property details, the seller's information, the agent's information, listing price, commission structure, and the effective dates of the agreement.