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 Dakota One Time Listing and Showing Agreement is a legally binding document used in the real estate industry to establish a working relationship between a property owner or seller and a real estate broker or agent. This agreement outlines the terms and conditions under which the broker is authorized to market and show the property to potential buyers for a limited period of time. This agreement typically consists of several key components, including the identification of the property being listed, the duration of the agreement, and the agreed-upon listing price. It also specifies the commission structure, indicating how much commission the broker will receive upon successful completion of the sale. The North Dakota One Time Listing and Showing Agreement may have different variations or types based on the specific requirements or preferences of the parties involved. These variations may include: 1. Exclusive Agency Agreement: This type of agreement grants the broker the exclusive right to represent the property owner and market the property. However, the owner retains the right to sell the property themselves without owing a commission to the broker if they find a buyer. 2. Open Listing Agreement: Under this agreement, the property owner can list the property with multiple brokers simultaneously. The broker who brings a qualified buyer and successfully sells the property will be entitled to the commission. 3. Net Listing Agreement: In this unique type of agreement, the broker's commission is based on the net amount received by the owner after deducting certain expenses or a specified minimum sale price. Net listing agreements are not commonly used in North Dakota due to potential conflicts of interest. 4. Exclusive Right to Sell Agreement: This type of agreement grants the broker the exclusive right to sell the property, thereby guaranteeing them a commission regardless of who sells the property. It provides the highest level of representation for the property owner. Regardless of the specific type, the North Dakota One Time Listing and Showing Agreement serves as a contractual framework that protects both the property owner and the broker. It establishes the expectations and obligations of both parties, ensuring transparency and clarity throughout the listing and selling process.
The North Dakota One Time Listing and Showing Agreement is a legally binding document used in the real estate industry to establish a working relationship between a property owner or seller and a real estate broker or agent. This agreement outlines the terms and conditions under which the broker is authorized to market and show the property to potential buyers for a limited period of time. This agreement typically consists of several key components, including the identification of the property being listed, the duration of the agreement, and the agreed-upon listing price. It also specifies the commission structure, indicating how much commission the broker will receive upon successful completion of the sale. The North Dakota One Time Listing and Showing Agreement may have different variations or types based on the specific requirements or preferences of the parties involved. These variations may include: 1. Exclusive Agency Agreement: This type of agreement grants the broker the exclusive right to represent the property owner and market the property. However, the owner retains the right to sell the property themselves without owing a commission to the broker if they find a buyer. 2. Open Listing Agreement: Under this agreement, the property owner can list the property with multiple brokers simultaneously. The broker who brings a qualified buyer and successfully sells the property will be entitled to the commission. 3. Net Listing Agreement: In this unique type of agreement, the broker's commission is based on the net amount received by the owner after deducting certain expenses or a specified minimum sale price. Net listing agreements are not commonly used in North Dakota due to potential conflicts of interest. 4. Exclusive Right to Sell Agreement: This type of agreement grants the broker the exclusive right to sell the property, thereby guaranteeing them a commission regardless of who sells the property. It provides the highest level of representation for the property owner. Regardless of the specific type, the North Dakota One Time Listing and Showing Agreement serves as a contractual framework that protects both the property owner and the broker. It establishes the expectations and obligations of both parties, ensuring transparency and clarity throughout the listing and selling process.
