North Dakota 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 North Dakota Exclusive Listing Agreement — Residential is a legal document that outlines the terms and conditions for the exclusive representation of a residential property by a real estate agent or broker in North Dakota. This agreement is specific to residential properties and is designed to protect both parties involved in the sale of the property. The agreement is called "exclusive" because it grants the real estate agent or broker exclusive rights to market and sell the property for a specified period of time. During this time, the homeowner cannot work with any other real estate professional to sell their property. The North Dakota Exclusive Listing Agreement — Residential typically includes key details such as the property address, legal description, and a list of included or excluded items. It also outlines the agent's responsibilities and obligations, such as conducting marketing efforts, arranging showings, and negotiating offers on behalf of the seller. The agreement also includes the agreed-upon compensation structure, which is usually a percentage of the final sale price. This section may specify whether the agent's commission is payable upon the closing of the sale or at another agreed-upon time. It's important to note that there are different types of North Dakota Exclusive Listing Agreement — Residential, tailored to suit different seller needs and preferences. These may include: 1. Exclusive Agency Listing Agreement: This type of agreement allows the homeowner to sell the property themselves, without owing any commission to the listing agent, only if they find a buyer who is not represented by any other real estate agent. 2. Exclusive Right-to-Sell Listing Agreement: This is the most common type of agreement and grants the agent exclusive rights to market and sell the property. Regardless of who finds the buyer, the agent is entitled to the agreed-upon commission. 3. Exclusive Limited Service Listing Agreement: This agreement restricts the services provided by the agent to a specific set of tasks, such as listing the property on the Multiple Listing Service (MLS) or providing limited marketing support. In summary, the North Dakota Exclusive Listing Agreement — Residential is a legally binding contract that protects both the homeowner and the real estate agent during the sale of a residential property. Different types of agreements offer varying levels of exclusivity and services, allowing sellers to choose an agreement that aligns with their specific needs and preferences.

The North Dakota Exclusive Listing Agreement — Residential is a legal document that outlines the terms and conditions for the exclusive representation of a residential property by a real estate agent or broker in North Dakota. This agreement is specific to residential properties and is designed to protect both parties involved in the sale of the property. The agreement is called "exclusive" because it grants the real estate agent or broker exclusive rights to market and sell the property for a specified period of time. During this time, the homeowner cannot work with any other real estate professional to sell their property. The North Dakota Exclusive Listing Agreement — Residential typically includes key details such as the property address, legal description, and a list of included or excluded items. It also outlines the agent's responsibilities and obligations, such as conducting marketing efforts, arranging showings, and negotiating offers on behalf of the seller. The agreement also includes the agreed-upon compensation structure, which is usually a percentage of the final sale price. This section may specify whether the agent's commission is payable upon the closing of the sale or at another agreed-upon time. It's important to note that there are different types of North Dakota Exclusive Listing Agreement — Residential, tailored to suit different seller needs and preferences. These may include: 1. Exclusive Agency Listing Agreement: This type of agreement allows the homeowner to sell the property themselves, without owing any commission to the listing agent, only if they find a buyer who is not represented by any other real estate agent. 2. Exclusive Right-to-Sell Listing Agreement: This is the most common type of agreement and grants the agent exclusive rights to market and sell the property. Regardless of who finds the buyer, the agent is entitled to the agreed-upon commission. 3. Exclusive Limited Service Listing Agreement: This agreement restricts the services provided by the agent to a specific set of tasks, such as listing the property on the Multiple Listing Service (MLS) or providing limited marketing support. In summary, the North Dakota Exclusive Listing Agreement — Residential is a legally binding contract that protects both the homeowner and the real estate agent during the sale of a residential property. Different types of agreements offer varying levels of exclusivity and services, allowing sellers to choose an agreement that aligns with their specific needs and preferences.