The Oregon One Time Listing and Showing Agreement is a legally binding contract between a seller and a real estate broker in the state of Oregon. This agreement outlines the terms and conditions under which the broker will represent the seller in listing and showing their property for sale. Under this agreement, the seller grants the broker the exclusive right to advertise, market, and show the property for a specified period, typically ranging from a few days to a few weeks. The goal of this agreement is to provide the broker with a limited time to aggressively promote the property and find potential buyers. There are two main types of Oregon One Time Listing and Showing Agreements: Exclusive Agency Listing and Exclusive Right to Sell Listing. 1. Exclusive Agency Listing: In this type of agreement, the seller agrees to work exclusively with the appointed broker to market and sell the property. However, the seller reserves the right to sell the property independently without involving the broker. If the property is sold without the broker's involvement, the seller is not obligated to pay the agreed-upon commission. 2. Exclusive Right to Sell Listing: Under this agreement, the seller grants the exclusive right to sell the property to the appointed broker. This means that if the property is sold during the term of the agreement, regardless of who finds the buyer (the broker, seller, or another party), the broker is entitled to receive the agreed-upon commission. The Oregon One Time Listing and Showing Agreement typically includes important details such as the property's address, legal description, listing price, term of the agreement, broker's commission, seller's obligations, and any additional terms and conditions agreed upon by both parties. It is important for both the seller and the broker to thoroughly review the agreement, understand its terms, and ensure that it accurately represents their intentions and expectations before signing. Seeking legal advice or consulting with a real estate professional experienced in Oregon real estate laws is recommended to ensure full compliance with the state's regulations.
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.