Michigan 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. A Michigan Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner/seller and a real estate agent/brokerage, stipulating the exclusive representation of the agent/brokerage in the sale of a residential property located in Michigan. This agreement grants the real estate agent/brokerage the sole right to market and sell the property for a specified period, typically between three and six months. The Michigan Exclusive Listing Agreement — Residential ensures that the selected agent has the authority to handle all aspects of the property sale, including advertising, showings, negotiations, and paperwork. By entering into this agreement, the homeowner/seller agrees to work exclusively with the designated real estate agent/brokerage during the agreed-upon period. Using relevant keywords, the Michigan Exclusive Listing Agreement — Residential can be further categorized into various types: 1. Traditional Michigan Exclusive Listing agreement: This type of agreement is the most common and straightforward version. It grants exclusive rights to a single real estate agent/brokerage for a fixed period. During this time, the agent/brokerage will actively promote the property, arrange showings, negotiate offers, and facilitate the transaction process. 2. Multiple Listing Service (MLS) Exclusive Listing agreement: In this type of agreement, the property is listed on the MLS, a comprehensive database accessible to all participating real estate agents and brokerages. While the seller may have exclusive representation by a designated agent, other agents/brokerages can present buyers and earn a commission if they successfully close a sale. 3. Pocket Listing Exclusive Listing agreement: This type of agreement is more private and exclusive. The listing is withheld from the MLS and only shared within the agent's/brokerage's network. Pocket listings are often used for high-end or luxury properties, creating a sense of exclusivity among potential buyers. 4. Limited Service Exclusive Listing agreement: This agreement allows the homeowner/seller to retain certain selling responsibilities, such as conducting open houses or negotiating with potential buyers. The real estate agent/brokerage's role is limited to marketing the property, generating leads, and offering guidance during the transaction process. Regardless of the type, the Michigan Exclusive Listing Agreement — Residential essentially establishes a working relationship between the homeowner/seller and a real estate professional, offering exclusive representation and the best chance of efficiently selling the property at a desired price.

A Michigan Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner/seller and a real estate agent/brokerage, stipulating the exclusive representation of the agent/brokerage in the sale of a residential property located in Michigan. This agreement grants the real estate agent/brokerage the sole right to market and sell the property for a specified period, typically between three and six months. The Michigan Exclusive Listing Agreement — Residential ensures that the selected agent has the authority to handle all aspects of the property sale, including advertising, showings, negotiations, and paperwork. By entering into this agreement, the homeowner/seller agrees to work exclusively with the designated real estate agent/brokerage during the agreed-upon period. Using relevant keywords, the Michigan Exclusive Listing Agreement — Residential can be further categorized into various types: 1. Traditional Michigan Exclusive Listing agreement: This type of agreement is the most common and straightforward version. It grants exclusive rights to a single real estate agent/brokerage for a fixed period. During this time, the agent/brokerage will actively promote the property, arrange showings, negotiate offers, and facilitate the transaction process. 2. Multiple Listing Service (MLS) Exclusive Listing agreement: In this type of agreement, the property is listed on the MLS, a comprehensive database accessible to all participating real estate agents and brokerages. While the seller may have exclusive representation by a designated agent, other agents/brokerages can present buyers and earn a commission if they successfully close a sale. 3. Pocket Listing Exclusive Listing agreement: This type of agreement is more private and exclusive. The listing is withheld from the MLS and only shared within the agent's/brokerage's network. Pocket listings are often used for high-end or luxury properties, creating a sense of exclusivity among potential buyers. 4. Limited Service Exclusive Listing agreement: This agreement allows the homeowner/seller to retain certain selling responsibilities, such as conducting open houses or negotiating with potential buyers. The real estate agent/brokerage's role is limited to marketing the property, generating leads, and offering guidance during the transaction process. Regardless of the type, the Michigan Exclusive Listing Agreement — Residential essentially establishes a working relationship between the homeowner/seller and a real estate professional, offering exclusive representation and the best chance of efficiently selling the property at a desired price.