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This document is an Exclusive Residential Selling Agency Agreement that outlines the terms under which the vendor appoints the agent to sell a property. It includes provisions regarding the estimated price, duration of agency, authority granted to the agent, terms of payment for professional fees, vendor\'s warranties, and cooling-off period. It is designed to protect the rights and obligations of both the vendor and the agent involved in the sale of residential property.

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What is exclusive residential selling agency?

An exclusive residential selling agency is a type of agreement in which a seller grants a real estate agent or brokerage the sole right to sell a property, often for a specified period. The agent is granted exclusive rights to market and negotiate the sale of the property.

Who is required to file exclusive residential selling agency?

Typically, the seller of the property is required to file the exclusive residential selling agency agreement with the relevant real estate authorities or boards.

How to fill out exclusive residential selling agency?

To fill out an exclusive residential selling agency, the seller must provide necessary details such as the property's address, the agent's information, the terms of the agreement, including the commission rate and the duration of exclusivity, and signatures from both the seller and the agent.

What is the purpose of exclusive residential selling agency?

The purpose of an exclusive residential selling agency is to establish a formal relationship between the seller and the agent, ensuring the agent has the authority to market and sell the property, while also protecting the interests of both parties during the sale process.

What information must be reported on exclusive residential selling agency?

The information that must be reported includes the property details, seller's and agent's information, commission structure, effective dates of the agreement, and any specific terms related to the sale.

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