Define Fillable Fields In Legal Oklahoma For Sale By Owner Forms For Free

In addition to any other penalties provided by law, any person unlicensed pursuant to The Oklahoma Real Estate License Code who shall willingly and knowingly violate any provision of this Code, upon conviction, shall be guilty of a misdemeanor punishable by a fine of not more than One Thousand Dollars ($1,000.00), or ...

"Exclusive right to sell" is a type of listing contract you enter into with a real estate agent. Put simply, it says that the signing agent is the only person allowed to market and sell your property for a certain amount of time. Generally, these agreements last anywhere from one to six months.

An exclusive right to sell listing agreement will usually include a term length for the duration of the contract, termination rights in the event either party wants to end the contract early, terms for the agent's compensation, and a detailed description of the property being sold.

As defined by the National Association of Realtors, an exclusive right-to-sell listing agreement is a contract between the listing agent and the owner of the home, wherein the seller agrees to compensate the agent's efforts regardless of who ultimately brings forth a buyer.

In an exclusive right-to-sell agreement, the seller will be responsible for paying the realtor fees even if they find the buyer completely on their own. With an exclusive agency listing, the seller will only pay fees in the event the realtor finds the final buyer.

Key Takeaways ? It's possible to sell land without a realtor, but you may need an attorney to help you with the legal documents. ? Documents needed to transfer title include a sale contract, disclosures, closing statement, and deed. ? Alternatives to selling FSBO include selling to a real estate investor for cash.