A Queens New York Open Listing Agreement — Residential is a legally binding contract between a real estate agent and a homeowner in Queens, New York. Under this agreement, the homeowner grants the agent the exclusive right to list and market their residential property for sale. The term "open listing" suggests that the homeowner can also work with other agents or sell the property themselves during the listing period. Queens, New York, located in the eastern part of NYC, is the largest borough by land area and has a diverse population. With its proximity to Manhattan and a wide range of housing options, including single-family homes, condos, and apartments, Queens offers a vibrant real estate market. The primary goal of a Queens New York Open Listing Agreement — Residential is to facilitate the sale of the property at the best possible price and terms for the homeowner. It enables the agent to advertise the property on various marketing platforms, including online listings, print media, and open houses, to attract potential buyers. There are different types of Queens New York Open Listing Agreements — Residential, each with its own set of terms and conditions: 1. Exclusive Open Listing: In this type of agreement, the homeowner agrees to work solely with the chosen real estate agent. The homeowner cannot hire any other agent or sell the property themselves during the listing period. 2. Non-Exclusive Open Listing: Under this agreement, the homeowner can work with multiple real estate agents simultaneously. They are not obligated to work exclusively with any particular agent and can also sell the property themselves without incurring any commission fees. 3. Limited Service Open Listing: In a limited service open listing agreement, the homeowner retains certain rights to market and sell the property themselves while still benefiting from the services of a real estate agent. This arrangement allows for a reduced commission fee since the agent's involvement is minimal. It's important for homeowners in Queens, New York, to thoroughly understand the terms and conditions of an open listing agreement before signing. Consulting with a qualified real estate attorney or experienced real estate agent can help ensure a fair and favorable agreement, tailored to their specific needs and goals.
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.