Connecticut One Time Listing and Showing Agreement

State:
Multi-State
Control #:
US-00056DR
Format:
Word; 
Rich Text
Instant download

Description

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.



The Connecticut One Time Listing and Showing Agreement is a legal document used in the real estate industry for the purpose of entering into a contractual agreement between a seller and a real estate agent. This agreement outlines the terms and conditions under which the agent will be authorized to list and show the seller's property. The One Time Listing and Showing Agreement is specific to the state of Connecticut and adheres to the real estate laws and regulations in that jurisdiction. It serves to protect both the seller and the agent by clearly defining their respective obligations and responsibilities throughout the listing and showing process. The agreement typically includes relevant information such as the seller's name, address, and contact details, as well as the agent's name, brokerage, and license information. It also specifies the duration of the agreement, which is typically for a fixed period of time. The Connecticut One Time Listing and Showing Agreement may have different variations or types depending on specific requirements or circumstances. For example, there may be separate agreements for residential properties, commercial properties, or vacant land. Each type of agreement may have its own set of terms and conditions tailored to the unique nature of the property. The agreement typically covers key aspects such as the listing price, commission fees, marketing strategies, and property disclosures. It may also include provisions related to property condition, repairs, and access for showings. Additionally, the agreement may address seller obligations regarding property maintenance, cooperation with the agent, and disclosure of any known defects. Once the agreement is signed by both the seller and the agent, it becomes a legally binding contract, setting out the terms under which the agent is granted the exclusive right to list and show the property. This agreement provides clarity and protection for both parties involved in the real estate transaction. It is important for sellers and agents to carefully review and understand the terms of the Connecticut One Time Listing and Showing Agreement before signing. Consulting with a real estate attorney or professional is recommended to ensure compliance with applicable laws and to address any specific concerns or considerations.

The Connecticut One Time Listing and Showing Agreement is a legal document used in the real estate industry for the purpose of entering into a contractual agreement between a seller and a real estate agent. This agreement outlines the terms and conditions under which the agent will be authorized to list and show the seller's property. The One Time Listing and Showing Agreement is specific to the state of Connecticut and adheres to the real estate laws and regulations in that jurisdiction. It serves to protect both the seller and the agent by clearly defining their respective obligations and responsibilities throughout the listing and showing process. The agreement typically includes relevant information such as the seller's name, address, and contact details, as well as the agent's name, brokerage, and license information. It also specifies the duration of the agreement, which is typically for a fixed period of time. The Connecticut One Time Listing and Showing Agreement may have different variations or types depending on specific requirements or circumstances. For example, there may be separate agreements for residential properties, commercial properties, or vacant land. Each type of agreement may have its own set of terms and conditions tailored to the unique nature of the property. The agreement typically covers key aspects such as the listing price, commission fees, marketing strategies, and property disclosures. It may also include provisions related to property condition, repairs, and access for showings. Additionally, the agreement may address seller obligations regarding property maintenance, cooperation with the agent, and disclosure of any known defects. Once the agreement is signed by both the seller and the agent, it becomes a legally binding contract, setting out the terms under which the agent is granted the exclusive right to list and show the property. This agreement provides clarity and protection for both parties involved in the real estate transaction. It is important for sellers and agents to carefully review and understand the terms of the Connecticut One Time Listing and Showing Agreement before signing. Consulting with a real estate attorney or professional is recommended to ensure compliance with applicable laws and to address any specific concerns or considerations.

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FAQ

An agreement that represents the right of a real estate agent or Broker to handle the sale of real property and to receive a fee or commission for services.

In a showing, a buyer's agent reserves a time for their client(s) to privately tour your home. In an open house, the house is open for buyers to come by and walk through at their leisure. Sometimes, the buyer will have an agent with them, but it's also common for early-stage buyers to come alone.

For in-house sales, where only one brokerage firm is involved, the brokerage firm can represent both the buyer and seller as a dual agent, provided that this consent is obtained. The forms provide guidance as to what type of disclosures cannot be made in a dual agency relationship.

Sub-agency is illegal in Connecticut. A dual agent is required to act in the best interests of both the seller and the buyer. Dual agency consent can be obtained at the time an agency agreement is signed. A designated agent only represents one party and is not a dual agent.

The listing is a short sale (short pay) and may require bank approval of a sale at the list price. This selection is used when your client is upside down on their house and therefore any contract and compensation will be subject to lender approval.

Connecticut has a law that requires agents and buyers to sign an agreement in order to show a home that is not listed by the agent's brokerage. Agents who do not have buyers sign a representation agreement are breaking the law!

A One Time Showing Agreement form is an agreement between the buyer's broker and the homeowner listing the property for sale. In the document, the broker will list people's names that they plan on showing the property. Those buyers may potentially put in an offer and purchase the property.

The biggest difference between a listing agent vs. selling agent is who they represent. Listing agents (also called seller's agents) work with sellers while selling agents (also called buyer's agents) work with buyers. Both agents work together to negotiate on offers and close a deal.

Net listings are prohibited. Definition of net listing, from CT Real Estate Regulations Sec. 20- 328-1a (e) "Net listing" means a listing contract in which the broker receives as a commission all excess moneys over and above the minimum sales price agreed upon by the broker and seller.

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Connecticut One Time Listing and Showing Agreement