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RESIDENTIAL Multiple Listing Contract (Land/Lots) This is a Legal Binding Contract. Please read and sign both pages. (*) Denotes Look Up Table Denotes Required Field PHOTO REQUIRED WITHIN SEVEN (7)

How to fill out residential multiple listing contract

1. To fill out a residential multiple listing contract, start by obtaining the necessary form from your local real estate association or board. This form is typically used by real estate agents to list a property for sale on the Multiple Listing Service (MLS).
2. Begin by providing the basic information about the property, including the address, legal description, and any unique features or selling points. Make sure to include accurate and detailed descriptions to attract potential buyers.
3. Next, include the listing price and any terms or conditions of the sale. This may include the desired closing date, financing options, or any additional incentives offered to potential buyers.
4. Include information about the listing agent, including their contact information and any commission or fees associated with the sale. Also, include any co-listing agents or brokers involved in the transaction.
5. Disclosure statements are crucial when filling out a residential multiple listing contract. These statements provide important information about the property, such as any defects, issues, or potential hazards. Ensure that you thoroughly and accurately complete all required disclosure forms to protect yourself and the buyer.
6. Attach any necessary documents and addendums to the contract. This may include property disclosures, lead-based paint disclosures, or any additional agreements between the buyer and seller.
7. Lastly, review the completed contract thoroughly to ensure accuracy and completeness. Have your listing agent or a legal professional review the document before signing to avoid any potential legal issues in the future.

Who needs a residential multiple listing contract?

1. Homeowners who want to sell their property through a real estate agent often need a residential multiple listing contract. This contract allows the agent to list the property on the MLS, which significantly increases visibility and exposure to potential buyers.
2. Real estate agents and brokers also require a residential multiple listing contract to formalize their representation of the homeowner. This contract serves as a legal agreement between the agent and the seller, outlining their obligations, responsibilities, and the terms of the listing.
3. Buyers searching for properties on the MLS may also come across residential multiple listing contracts. Although the contract primarily benefits the seller and their agent, it provides valuable information to prospective buyers, including property details, pricing, and conditions of the sale.

In summary, a residential multiple listing contract is essential for homeowners, real estate agents, and buyers involved in the sale of a property. It provides a standardized and comprehensive agreement that protects all parties and helps facilitate a successful real estate transaction.

For pdfFiller’s FAQs

What is residential multiple listing contract?

A residential multiple listing contract is a legal agreement between a real estate agent and a homeowner that allows the agent to market and sell the property on behalf of the owner.

Who is required to file residential multiple listing contract?

The real estate agent representing the homeowner is required to file the residential multiple listing contract.

How to fill out residential multiple listing contract?

The residential multiple listing contract can be filled out by both the real estate agent and the homeowner, and typically includes information such as the listing price, property description, and terms of the agreement.

What is the purpose of residential multiple listing contract?

The purpose of the residential multiple listing contract is to establish a formal agreement between the homeowner and the real estate agent for the sale of the property.

What information must be reported on residential multiple listing contract?

Information such as the property address, listing price, terms of the agreement, and any special conditions must be reported on the residential multiple listing contract.

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