Maryland Exclusive Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• Control #: US-01727-AZ
• Format: Word; Rich Text

Description

This form is an exclusive listing agreement between broker/agent and seller. Broker/agent will exclusively represent seller in the attempt to sell. Commission or other compensation is agreed upon. Adapt to fit your specific circumstances. The Maryland Exclusive Listing Agreement — Residential is a legally binding contract between a property owner and a licensed real estate agent or broker that grants exclusive rights to the agent in marketing and selling the property. This agreement sets out the terms and conditions under which the agent will represent the property owner and outlines the rights and responsibilities of both parties involved. In a Maryland Exclusive Listing Agreement — Residential, the property owner agrees to work exclusively with the designated agent for a specified period, typically around 90 to 180 days. During this time, the agent is the sole representative of the property and has the authority to advertise, market, negotiate, and close the sale on behalf of the owner. This agreement ensures that the agent's efforts are focused solely on selling the property and provides a level of commitment from both parties. The agent is motivated to invest time, money, and resources into marketing the property, while the owner gains the advantage of dedicated representation and enhanced exposure in the real estate market. A Maryland Exclusive Listing Agreement — Residential typically includes various sections, such as: 1. Property Description: Detailed information about the property, including its address, legal description, lot size, number of bedrooms, bathrooms, and any other relevant features. 2. Exclusive Agency: States that the property owner grants exclusive rights to the designated agent, who possesses the authority to market, advertise, and negotiate the sale of the property. 3. Listing Period: Specifies the duration of the exclusive listing agreement, which is typically negotiable between both parties. 4. Listing Price: States the agreed-upon price or price range at which the property will be marketed and sold. This can be a fixed price or a range within which the agent can negotiate on the owner's behalf. 5. Compensation and Commission: Outlines the agent's compensation, usually in the form of a commission, which is a percentage of the final sales price. The agreement also specifies when and how the commission will be paid to the agent upon successful closing. 6. Marketing and Advertising: Details the marketing strategies and platforms the agent will utilize to expose the property to potential buyers. This can include traditional advertising, online listings, open houses, and more. 7. Agency Disclosure: Mandates that the agent fulfills their fiduciary duties, acting in the best interest of the property owner and providing full disclosure on any conflicts of interest. While the main type of Maryland Exclusive Listing Agreement — Residential is the standard exclusive agreement as described above, there may be variations or modifications based on individual circumstances or specific clauses desired by the property owner or agent. It is crucial for both parties to review and understand the terms before signing the agreement, and consulting with a real estate attorney or legal professional is always advisable.

The Maryland Exclusive Listing Agreement — Residential is a legally binding contract between a property owner and a licensed real estate agent or broker that grants exclusive rights to the agent in marketing and selling the property. This agreement sets out the terms and conditions under which the agent will represent the property owner and outlines the rights and responsibilities of both parties involved. In a Maryland Exclusive Listing Agreement — Residential, the property owner agrees to work exclusively with the designated agent for a specified period, typically around 90 to 180 days. During this time, the agent is the sole representative of the property and has the authority to advertise, market, negotiate, and close the sale on behalf of the owner. This agreement ensures that the agent's efforts are focused solely on selling the property and provides a level of commitment from both parties. The agent is motivated to invest time, money, and resources into marketing the property, while the owner gains the advantage of dedicated representation and enhanced exposure in the real estate market. A Maryland Exclusive Listing Agreement — Residential typically includes various sections, such as: 1. Property Description: Detailed information about the property, including its address, legal description, lot size, number of bedrooms, bathrooms, and any other relevant features. 2. Exclusive Agency: States that the property owner grants exclusive rights to the designated agent, who possesses the authority to market, advertise, and negotiate the sale of the property. 3. Listing Period: Specifies the duration of the exclusive listing agreement, which is typically negotiable between both parties. 4. Listing Price: States the agreed-upon price or price range at which the property will be marketed and sold. This can be a fixed price or a range within which the agent can negotiate on the owner's behalf. 5. Compensation and Commission: Outlines the agent's compensation, usually in the form of a commission, which is a percentage of the final sales price. The agreement also specifies when and how the commission will be paid to the agent upon successful closing. 6. Marketing and Advertising: Details the marketing strategies and platforms the agent will utilize to expose the property to potential buyers. This can include traditional advertising, online listings, open houses, and more. 7. Agency Disclosure: Mandates that the agent fulfills their fiduciary duties, acting in the best interest of the property owner and providing full disclosure on any conflicts of interest. While the main type of Maryland Exclusive Listing Agreement — Residential is the standard exclusive agreement as described above, there may be variations or modifications based on individual circumstances or specific clauses desired by the property owner or agent. It is crucial for both parties to review and understand the terms before signing the agreement, and consulting with a real estate attorney or legal professional is always advisable.