Philadelphia Pennsylvania One Time Listing and Showing Agreement is a legally binding document used in the real estate industry to establish the terms and conditions between a seller (often a homeowner) and a real estate agent or broker. This agreement enables the agent or broker to list the property for sale and conduct showings to potential buyers on a one-time basis. The Philadelphia Pennsylvania One Time Listing and Showing Agreement outlines the responsibilities and rights of both the seller and the agent or broker. This comprehensive agreement includes crucial information such as the property's address, listing price, commission rates, duration of the agreement, and terms for showings and open houses. Different types of Philadelphia Pennsylvania One Time Listing and Showing Agreements may exist, each with variations in the terms and conditions. Some common types include: 1. Exclusive Listing Agreement: This type of agreement grants the agent or broker exclusive rights to list and sell the property for a specific period. During this time, the seller cannot work with any other agents or brokers. 2. Open Listing Agreement: With an open listing agreement, the seller can work with multiple agents or brokers simultaneously. The agreement allows any agent or broker who brings a qualified buyer to the seller's attention to earn a commission. 3. Exclusive Agency Listing Agreement: This agreement falls between exclusive listing and open listing agreements. It grants the chosen agent or broker exclusive rights to list and sell the property, but the seller reserves the right to sell the property themselves without paying a commission. 4. Net Listing Agreement: In a net listing agreement, the seller establishes a minimum acceptable amount for the sale of the property. Any amount exceeding the minimum is the agent's commission. However, net listings are not commonly used due to potential conflicts of interest. It is important for both sellers and agents or brokers to carefully review and understand the Philadelphia Pennsylvania One Time Listing and Showing Agreement before signing. Consulting with a real estate attorney may also provide valuable insights and ensure compliance with local laws and 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.