The Nebraska Exclusive Listing Agreement — Residential is a legally binding contract used in the real estate industry to establish an exclusive relationship between a homeowner (the "Seller") and a licensed real estate broker or agent (the "Broker") for the purpose of marketing and selling a residential property located in Nebraska. This agreement grants the Broker the exclusive right to represent and market the property listed solely on behalf of the Seller. Keywords: Nebraska Exclusive Listing Agreement, residential property, real estate industry, Seller, Broker, exclusive relationship, marketing, selling, licensed real estate broker or agent. There are several types of Nebraska Exclusive Listing Agreements — Residential: 1. Exclusive Right to Sell Listing Agreement: This is the most common type of agreement where the Seller grants the Broker the exclusive right to market and sell the residential property. The Seller agrees to pay the Broker a commission if the property is sold within the agreed-upon term, regardless of who brings the buyer. 2. Exclusive Agency Listing Agreement: In this type of agreement, the Seller grants exclusive representation to the Broker but reserves the right to sell the property on their own without paying a commission to the Broker. However, if the Broker brings a buyer, a commission will be due. 3. One-Time Show Agreement: This agreement allows the Broker to show the property to a specific buyer and receive a commission only if that buyer purchases the property. It is typically used when the Seller has a potential buyer in mind and wishes to provide compensation to the Broker if the sale occurs. 4. Net Listing Agreement: Uncommon in Nebraska, a Net Listing Agreement allows the Seller to specify a minimum amount they wish to receive from the sale. Any amount above the specified minimum is designated as the Broker's commission. However, this type of agreement may present a conflict of interest for the Broker, and it is not as widely used due to potential ethical concerns. 5. Multiple Listing Agreement: This type of agreement allows the Broker to list the property on the local Multiple Listing Service (MLS), which exposes the property to a wider pool of potential buyers by sharing the listing with other real estate agents. This increases the chances of a successful sale. In conclusion, the Nebraska Exclusive Listing Agreement — Residential is a crucial document that outlines the terms and conditions of the exclusive relationship between a Seller and Broker in the sale of a residential property. By entering into this agreement, the Seller can rely on the expertise and marketing tools of the Broker to market the property effectively and attract potential buyers.