Why would a REALTOR not use MLS?

Privacy Concerns: The seller may want to keep the sale private, limiting exposure to only interested buyers rather than the general public. Seller's Request: Sometimes, sellers specifically request not to list on the MLS for personal or strategic reasons, such as wanting to sell discreetly.

US Legal Forms
Forms Kit
Agreements - Agreement Forms
Multi-State
One Time Listing and Showing Agreement

Listing Agreement Form With Multiple Agents In Massachusetts

Category:

Real Estate - Listing Agreements

State:

Multi-State

Control #:

US-00056DR

Format:

Instant download

Description

The Listing Agreement Form with Multiple Agents in Massachusetts is a legal document that facilitates the sale of property by explicitly outlining the relationship between sellers and real estate agents. This form allows sellers to authorize multiple agents to show their property to prospective buyers, ensuring a broader marketing reach. Key features include the designation of a professional fee to be paid to the agent upon the sale, which can be a fixed amount or a percentage of the sales price. Users must fill in the names of the seller, buyer, and agent, along with the legal description of the property. It is essential to ensure all parties understand the agency relationships involved, which may include single representation for either party or a non-representing transactional agent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it provides clarity on duties and expectations among all parties. Filling out the form accurately is critical, and users should seek legal advice if they have questions regarding the agreement, ensuring all terms are understood before signing.

Exclusive distribution example

View this form

A seller signs an open listing agreement with brokerage a

View this form

Agreement regarding listing for rental property

View this form

Agreement Creating Restrictive Covenants

View this form

Form popularity

FAQ

What Is an Exclusive Listing? An exclusive listing is a method of selling real estate property by working directly with just one real estate agent. Instead of publicly listing your home for sale, you agree to let a single real estate agent attempt to find buyers and manage the sale process.

Multiple Listing Service (MLS): What Is It An MLS is a powerful tool to further cooperative agreements between brokers for the sale of their listings and provide information necessary to permit such cooperation.

In California, agents must be affiliated with only one broker at a time. To work for more than one brokerage, agents can attain a broker's license and present a copy to the firm.

An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.

A real estate broker or salesperson may act as a dual agent who represents both prospective buyer and seller with their informed written consent. A dual agent is authorized to assist the buyer and seller in a transaction, but shall be neutral with regard to any conflicting interest of the buyer and seller.

An open listing allows the seller to work with multiple agents, while a net listing gives the agent the exclusive right to sell the property.

An open listing is a non-exclusive contract. This type of listing gives the seller or buyer the right to engage any number of brokers as agents.

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

Privacy Concerns: The seller may want to keep the sale private, limiting exposure to only interested buyers rather than the general public. Seller's Request: Sometimes, sellers specifically request not to list on the MLS for personal or strategic reasons, such as wanting to sell discreetly.