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.
New York One Time Listing and Showing Agreement is a legal contract used in the real estate industry specifically in the state of New York. This agreement outlines the terms and conditions between a real estate agent or broker and a property owner or seller, in order to facilitate the listing and showing of the property for a limited period of time. The main objective of the New York One Time Listing and Showing Agreement is to establish a temporary exclusive relationship between the agent or broker and the seller, wherein the agent is granted the exclusive right to market the property for a specific duration. This agreement helps to ensure that the agent has the sole authority to promote the property, negotiate with potential buyers, and finalize a sale. The key components of the New York One Time Listing and Showing Agreement include: 1. Property Details: This section provides information about the property being listed, such as the address, legal description, and any unique features that may be of relevance. 2. Listing Price and Terms: The agreement specifies the asking price set by the seller, along with any specific terms or conditions that apply to the sale, such as financing options, repairs or renovations, or contingencies. 3. Agent's Duties and Authority: This outlines the responsibilities of the agent, including marketing the property through various channels, conducting showings, and representing the seller in negotiations with potential buyers. It also stipulates that the agent will adhere to all applicable laws and regulations in the process. 4. Exclusive Rights: The agreement grants the agent exclusive rights to promote and sell the property for the agreed period, prohibiting the seller from engaging other agents or brokers for the same purpose. However, some variations of this agreement may allow the seller to sell the property independently, without involving the agent. 5. Commission and Fees: The agreement specifies the commission percentage or fee that the agent will be entitled to upon successful completion of a sale. It may also include details on any additional expenses or charges that the seller may be responsible for, such as advertising costs or professional photography. It is worth noting that there may be different types or variations of the New York One Time Listing and Showing Agreement, depending on the specific needs and preferences of the parties involved. These variations could include modifications to the duration of the agreement, exclusivity clauses, or additional provisions to protect the interests of either party. In summary, the New York One Time Listing and Showing Agreement provides a legal framework for agents and sellers to collaborate in the real estate market, establishing exclusive rights, outlining responsibilities, and ensuring a smooth transaction process.
