This form is an Exclusive Agency Agreement. The form provides that the company and agent have agreed to enter into a contract. The company has agreed to appoint the agent as its exclusive agent for the purposes listed in the form.
Arkansas Agency Agreement - General
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FAQ
An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.
Arkansas does allow disclosed dual agency. In Arkansas, with dual agency, the agent is not allowed to communicate personal information about one party to the other since it could provide an unfair advantage for one client over the other.
Types of agency agreementsExclusive agency agreements. Exclusive agency agreements are commonly used for the sale of residential property.Sole agency agreements. A sole agency agreement is similar to an exclusive agency agreement.General listing / open agency agreement.Multiple listing.Auction agency agreement.
Single Agency This type of agency is when an agent/licensee represents one side of the party so either the buyer or the seller but not both. This is the most common type of agency.
The most common is the Exclusive Right to Sell or Lease Listing Agreement. The means there is an agency agreement between the seller and the broker, granting the broker the exclusive right to represent the seller in the sale or lease of the seller's property.
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.
Having said that, here are the 28 states that offer partial license reciprocity: Arkansas: Offers license reciprocity for agents moving from Alabama, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New York, Ohio, Oklahoma, Pennsylvania, South Dakota, Washington, and West Virginia.
Arkansas law requires real estate agents to clearly disclose to all parties in a real estate transaction which party(s) he or she is representing. Real Estate Agents typically represent Sellers but can also represent Buyers as well as both Buyers and Sellers.
The relationship between a principal and an agent is fiduciary and an agent's actions bind the principal. The law of agency controls the legal relationship in which an agent interacts with a third party for his/her principal....The most common agency relationships are:Buyer's Agency;Seller's Agency;Dual Agency.
