Define Fillable Fields In Legal Oklahoma Real Estate Closings Forms For Free

In Oklahoma, an Exclusive Right-To-Sell is the most popular type of listing agreement. This agreement gives the agent the exclusive right to sell the property within a time frame agreed upon in the contract (usually 6 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.

"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.

The Addendum shall have a heading which provides the Addendum number, date of issue, project title, location, and project number. The bid closing time and date shall always be included in the Addendum. A standard paragraph will then follow which stipulates the purpose of the Addendum.

Real estate advertising that is dishonest, inaccurate or omits pertinent facts related to the property or services being offered is strictly prohibited. No broker or licensee may advertise property for rent, sale, lease or exchange without the express approval of the property owner or their authorized representative.

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.