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This document is a legally binding agreement between a property seller and a licensed real estate broker outlining the terms of an exclusive agency listing for a property, including commission structure,
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How to fill out exclusive agency listing agreement
How to fill out exclusive agency listing agreement
01
Gather necessary information: Collect details about the property, including the address, legal description, and listing price.
02
Identify the parties: Fill in the names of the seller(s) and the broker/company involved in the agreement.
03
Define the terms: Specify the duration of the agreement and any terms related to commission and fees.
04
Outline the responsibilities: Clearly state the responsibilities of both the seller and the agent regarding marketing and showing the property.
05
Sign and date: Ensure all parties sign and date the agreement to make it legally binding.
Who needs exclusive agency listing agreement?
01
Sellers wanting to retain the right to sell their property while still enlisting the help of a real estate agent.
02
Real estate agents who want a formal agreement to protect their interests when marketing a property.
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What is exclusive agency listing agreement?
An exclusive agency listing agreement is a contract between a property owner and a real estate agent where the agent is given the exclusive right to sell the property, but the owner retains the right to sell it themselves without paying a commission.
Who is required to file exclusive agency listing agreement?
The property owner and the real estate agent representing the property are required to file the exclusive agency listing agreement.
How to fill out exclusive agency listing agreement?
To fill out an exclusive agency listing agreement, the property owner should provide details such as property address, owner's information, listing price, agent's details, duration of the agreement, and any specific terms or conditions.
What is the purpose of exclusive agency listing agreement?
The purpose of an exclusive agency listing agreement is to grant a real estate agent the authority to market and sell a property while allowing the owner to retain the ability to sell it themselves without incurring commission fees.
What information must be reported on exclusive agency listing agreement?
The exclusive agency listing agreement must report information including the property address, the owners' names, listing price, the terms of the agreement, commission structure, duration of the agreement, and signatures of all parties involved.
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