Missouri Exclusive Listing Agreement — Residential: A Detailed Description The Missouri Exclusive Listing Agreement — Residential is a legally binding contract that outlines the terms and conditions between a property owner (seller) and a real estate agent (broker) for the purpose of selling a residential property in the state of Missouri. It grants the exclusive right to the designated broker to market and sell the property for a specific period, usually 90 to 180 days. In this agreement, both parties agree on various terms and conditions to protect their rights and ensure a successful transaction. The contract should clearly define the property address, listing price, commission rate, and the duration of the agreement. Keywords: Missouri exclusive listing agreement, residential property, legally binding contract, real estate agent, broker, exclusive right, marketing, selling, property, terms, conditions, specific period, 90 to 180 days. Different types of Missouri Exclusive Listing Agreement — Residential: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of exclusive listing agreement. It grants the broker the exclusive right to market and sell the property. This means that regardless of who brings the buyer (including the seller themselves), the broker is entitled to the agreed-upon commission. 2. Exclusive Agency Listing Agreement: Under this agreement, the broker has the exclusive right to sell the property, but the seller retains the right to sell the property themselves without owing the broker a commission. The broker will only earn a commission if they procure the buyer. 3. Net Listing Agreement: This type of agreement is less common, as it can raise ethical concerns. In a net listing agreement, the seller sets a specific net price they want to receive from the sale, and any amount exceeding that price is the broker's commission. However, this practice can create a conflict of interest for the broker and may be prohibited in some states. 4. Multiple Listing Agreement (MLS): This agreement allows the broker to list the property on the Multiple Listing Service, a centralized database accessed by real estate agents. By doing so, the property gains exposure to a larger pool of potential buyers, increasing its chances of being sold. These different types of Missouri Exclusive Listing Agreements — Residential provide flexibility for sellers to choose the most suitable arrangement based on their specific needs and goals. Keywords: Exclusive right to sell listing agreement, exclusive agency listing agreement, net listing agreement, multiple listing agreement, MLS, property, seller, broker, commission, marketing, selling.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.