Listing Agreement

State:
Multi-State
Control #:
US-0950BG
Format:
Word; 
Rich Text
Instant download

Description

Under an exclusive right-to-sell agreement, the listing firm is offered compensation in the event of a sale regardless of who procured the eventual purchaser. In contrast, under an exclusive agency agreement, the seller only offers the listing firm compensation if the purchaser is procured through the firm's efforts or the efforts of other real estate firms. This means that in certain situations the listing firm may not receive compensation if the property is sold. In the exclusive agency agreement, the listing firm or another firm working with the listing firm must procure the purchaser in order to have a claim on compensation. Exclusive Listing Agreement for Sale of Vacant Land is a legal agreement between a seller (principal) and a real estate agent (agent) to list a piece of property for sale. The agreement outlines the responsibilities of both parties and their obligations to each other. The agreement should specify the length of the term, payment terms, the list price, the commission, and other important details. There are three types of exclusive listing agreements for sale of vacant land: a single agency agreement, a dual agency agreement, and a designated agency agreement. A single agency agreement states that the real estate agent is the exclusive agent of the seller and will be the only person responsible for selling the property. This agreement allows the agent to negotiate on behalf of the seller and receive a commission if the property is sold. A dual agency agreement states that the real estate agent represents both the buyer and the seller. In this agreement, the agent is responsible for marketing the property, negotiating the sale, and facilitating the transaction. A designated agency agreement states that the real estate agent is the designated agent of the seller and will be responsible for marketing the property. The agent will receive a commission if the property is sold but will not be allowed to negotiate on behalf of the seller.

Exclusive Listing Agreement for Sale of Vacant Land is a legal agreement between a seller (principal) and a real estate agent (agent) to list a piece of property for sale. The agreement outlines the responsibilities of both parties and their obligations to each other. The agreement should specify the length of the term, payment terms, the list price, the commission, and other important details. There are three types of exclusive listing agreements for sale of vacant land: a single agency agreement, a dual agency agreement, and a designated agency agreement. A single agency agreement states that the real estate agent is the exclusive agent of the seller and will be the only person responsible for selling the property. This agreement allows the agent to negotiate on behalf of the seller and receive a commission if the property is sold. A dual agency agreement states that the real estate agent represents both the buyer and the seller. In this agreement, the agent is responsible for marketing the property, negotiating the sale, and facilitating the transaction. A designated agency agreement states that the real estate agent is the designated agent of the seller and will be responsible for marketing the property. The agent will receive a commission if the property is sold but will not be allowed to negotiate on behalf of the seller.

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Listing Agreement