This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Listing Agreement Document With Multiple Agents In Washington
Category:
State:
Multi-State
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
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FAQ
An open listing lets a property owner enlist multiple real estate agents to help them make a sale. Only the agent who finds a buyer earns the commission, but agents may also work together and divide the commission between them.
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.
Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.
In Washington State, dual agents must abide by the duties of all brokers, as outlined in RCW 18.86. 030, must further obtain written informed consent for dual agency from both represented parties, and must meet several additional requirements in RCW 18.86.
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.
The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
(1) A broker may act as a limited dual agent only with the written consent of both parties to the transaction, set forth in the services agreement. (f) Unless otherwise agreed to in writing after the limited dual agent has complied with RCW 18.86.
Just be honest with them. Tell them you've chosen another. Agents know you don't get every listing you go for. If they ask why tell them.
Joint agents Joint agency agreements mean that you'll have two, rather than one, agents working to sell your property, but no more than that. Both of the agents in question must agree to this, and the decision over who gets the commission once the property is sold will also be made before the agreement is drawn up.
More info
To represent Seller ("Listing Broker"). Dual Agency (§ 18.86.060) – Dual agency is legal in Washington only if the agent obtains written consent from the buyer and seller. A broker may act as a limited dual agent only with the written consent of both parties to the transaction, set forth in the services agreement. If the Property is sold to a buyer who Listing Broker also represents, Seller consents to Listing Broker and. Supervising Broker acting as dual agents. A listing agreement is a legally binding contract between a homeowner and the real estate agent or broker who will be listing the property for sale. The largest market for a seller listed with an agent is the other agents in the multiple listing service. Open Listing Agreement: This type of agreement allows the seller to list the property with multiple agents.
