The Montana Exclusive Listing Agreement — Residential is a legal contract that establishes a relationship between a real estate agent and a homeowner, outlining the terms and conditions for selling a residential property in the state of Montana. This agreement grants exclusive rights to the designated real estate agent to list, market, and sell the property exclusively for a specified period. Keywords: Montana, Exclusive Listing Agreement, Residential, real estate agent, homeowner, selling, property, terms and conditions, exclusive rights, list, market, sell, specified period. There are two main types of Montana Exclusive Listing Agreement — Residential: 1. Exclusive Right to Sell Agreement: This type of agreement grants the real estate agent the sole and exclusive right to sell the property during the specified period. Regardless of who finds the buyer, the agent is entitled to the agreed-upon commission. This agreement provides the highest level of commitment from both parties and motivates the agent to actively market and promote the property throughout the listing period. 2. Exclusive Agency Agreement: Under this type of agreement, the homeowner grants the exclusive right to market and sell the property to one real estate agent, but retains the right to sell the property independently without owing a commission. If the homeowner finds a buyer on their own, without the involvement of the agent, no commission is owed. Both types of agreements include essential details such as the property's address, legal description, listing price, duration of the agreement, agreed-upon commission rate, and marketing strategies to be employed. Additionally, the agreement outlines the obligations and responsibilities of both the homeowner and the agent throughout the listing period. In summary, the Montana Exclusive Listing Agreement — Residential serves as a legally binding contract between a homeowner and a real estate agent, setting out the exclusive rights and responsibilities of both parties during the process of selling a residential property.
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.