Montgomery, Maryland One Time Listing and Showing Agreement is a legally binding contract entered into between a real estate agent and a property owner or seller. This agreement outlines the terms and conditions under which the agent will market, list, and show the property for a designated period of time. The One Time Listing and Showing Agreement in Montgomery, Maryland provides an exclusive arrangement between the property owner and the agent for a specific period. During this period, the agent is granted the sole right to represent the property in all marketing and showing activities. This agreement aims to ensure that the agent receives fair compensation for their efforts in promoting and selling the property. The Montgomery, Maryland One Time Listing and Showing Agreement typically consists of the following key elements: 1. Property Description: This section includes detailed information about the property, such as its address, legal description, and other relevant details. 2. Listing Terms: The agreement outlines the duration of the listing, specifying the start and end dates for the agent's representation. It may also include provisions for renewing or terminating the agreement, as well as any additional terms or conditions. 3. Agent's Responsibilities: This section enumerates the tasks and duties of the agent, such as marketing the property, arranging showings, negotiating offers, and representing the seller's interests throughout the selling process. 4. Seller's Obligations: This portion highlights the responsibilities of the property owner, including maintaining the property's condition, providing accurate and complete information about the property, and cooperating with the agent in marketing and showing activities. 5. Compensation: The One Time Listing and Showing Agreement specifies the agent's commission or fee structure for successfully selling the property. It may outline whether the commission is payable upon closing or at other specific milestones in the sales process. It is worth noting that variations of the One Time Listing and Showing Agreement may exist in Montgomery, Maryland, depending on individual real estate brokerage firms or specific circumstances. These different types of agreements may include exclusive agency agreements, exclusive right to sell agreements, or open listing agreements. Each type has its own unique terms and conditions governing the relationship between the agent and the property owner. In conclusion, Montgomery, Maryland One Time Listing and Showing Agreement sets out the commitments and obligations of both the real estate agent and the property owner. It serves as a vital document for establishing a clear understanding of the representation and compensation terms.
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.