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 North Carolina One Time Listing and Showing Agreement is a legally binding document that outlines the agreement between a real estate agent and a homeowner to sell a property. This agreement is specific to the state of North Carolina and governs the terms and conditions of a one-time listing and showing of the property. This contract involves two main parties: the real estate agent, who acts as the seller's representative, and the homeowner, who owns the property and wishes to sell it. The agreement details the responsibilities and obligations of both parties during the listing and showing process. Some key elements included in the North Carolina One Time Listing and Showing Agreement are: 1. Property description: This section provides a detailed description of the property being listed for sale. It includes the address, legal description, and any additional important features or amenities. 2. Duration of agreement: The agreement specifies the duration of the listing period, which is typically a defined period of time, such as 90 days. During this period, the real estate agent has the exclusive right to list and market the property. 3. Listing price and terms: The agreement includes the agreed-upon list price for the property and any specific terms or conditions related to the sale. This may include financing options, seller concessions, or contingencies. 4. Compensation and commission: This section outlines the compensation structure for the real estate agent, typically in the form of a commission based on the final sale price of the property. It also clarifies when and how the agent will be paid. 5. Property disclosures: The agreement requires the homeowner to disclose any known defects or issues with the property. This is necessary to ensure a transparent transaction and protect both parties from potential legal disputes. 6. showing schedule: The agreement specifies the schedule and methods for showing the property to potential buyers. It may include designated showing hours, advance notice requirements, or any special instructions or restrictions. It is important to note that there may be various types of North Carolina One Time Listing and Showing Agreements, each tailored to specific circumstances or preferences. For example: 1. Exclusive One Time Listing and Showing Agreement: This type of agreement grants the real estate agent the exclusive right to list and market the property for a defined period, typically excluding the homeowner from selling it independently during that time. 2. Open One Time Listing and Showing Agreement: This type of agreement allows the homeowner to list the property with multiple real estate agents simultaneously. The compensation structure may differ in this case, as each agent may receive a commission upon successful sale. 3. Limited Service One Time Listing and Showing Agreement: This type of agreement may be used when the homeowner wants to retain more control over the listing and showing process. It typically involves limited assistance from the real estate agent, such as marketing materials or access to listing portals. In summary, the North Carolina One Time Listing and Showing Agreement is a legally binding contract that governs the relationship between a homeowner and a real estate agent during the listing and showing of a property. It establishes the terms and conditions of the agreement, including the duration, compensation, property disclosures, and showing schedule.
