Oregon 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. Oregon Exclusive Listing Agreement — Residential is a legal document used in the real estate industry to formalize the relationship between a homeowner and a real estate agent to market and sell a residential property exclusively. This agreement establishes the terms and conditions under which the agent will represent the homeowner, highlighting the rights and responsibilities of both parties throughout the process. Exclusive Listing Agreement: There are various types of exclusive listing agreements in Oregon, each with their own specific features and provisions. Below, we will delve into different types of Oregon Exclusive Listing Agreements — Residential: 1. Exclusive Right to Sell Listing Agreement: This type of agreement grants the chosen real estate agent the exclusive right to sell the property. The agent holds the exclusive right to market and negotiate the sale of the property during the agreed-upon term. If a buyer is found, even by the homeowner, the agent is still entitled to the agreed-upon commission. 2. Exclusive Agency Listing Agreement: In this type of agreement, the agent has the exclusive right to market and sell the property. However, the homeowner retains the right to find a buyer independently and not pay any commission to the agent. If the agent brings a buyer, they are entitled to the commission. 3. Net Listing Agreement: A net listing agreement specifies the minimum amount the homeowner wishes to receive from the sale. If the property sells for more than this agreed-upon amount, the agent receives the excess as their commission. However, net listing agreements are no longer widely used due to potential ethical concerns. In all types of Oregon Exclusive Listing Agreements — Residential, certain key terms and information are essential for a clear understanding and smooth process. These include: — Detailed property description: The agreement should include the property's address, legal description, and any boundaries or exceptional features that may influence its marketability. — Listing price: The agreed-upon listing price, which may be subject to adjustments during the term of the agreement, should be clearly stated. — Term of agreement: The duration of the agreement should be specified, outlining the starting and ending dates. It's common for the agreement to be valid for a period of 90 days to one year. — Commission and fees: The agreement should outline the commission percentage or fee payable to the agent upon the successful sale of the property. This section may also cover any additional fees or expenses that may arise during the selling process. — Marketing and advertising: The responsibilities of the agent concerning marketing and advertising efforts should be clearly defined. This may include online listings, photography, virtual tours, open houses, brochures, and other promotional activities. — Termination provisions: The agreement should outline the circumstances and penalties for early termination by either party, ensuring a fair and equitable resolution if the agreement needs to be terminated before its expiration. It's important for homeowners to thoroughly review and understand the terms and conditions of an Oregon Exclusive Listing Agreement — Residential before signing to ensure all expectations and obligations are clear. Seeking professional legal advice before entering into such an agreement is advisable.

Oregon Exclusive Listing Agreement — Residential is a legal document used in the real estate industry to formalize the relationship between a homeowner and a real estate agent to market and sell a residential property exclusively. This agreement establishes the terms and conditions under which the agent will represent the homeowner, highlighting the rights and responsibilities of both parties throughout the process. Exclusive Listing Agreement: There are various types of exclusive listing agreements in Oregon, each with their own specific features and provisions. Below, we will delve into different types of Oregon Exclusive Listing Agreements — Residential: 1. Exclusive Right to Sell Listing Agreement: This type of agreement grants the chosen real estate agent the exclusive right to sell the property. The agent holds the exclusive right to market and negotiate the sale of the property during the agreed-upon term. If a buyer is found, even by the homeowner, the agent is still entitled to the agreed-upon commission. 2. Exclusive Agency Listing Agreement: In this type of agreement, the agent has the exclusive right to market and sell the property. However, the homeowner retains the right to find a buyer independently and not pay any commission to the agent. If the agent brings a buyer, they are entitled to the commission. 3. Net Listing Agreement: A net listing agreement specifies the minimum amount the homeowner wishes to receive from the sale. If the property sells for more than this agreed-upon amount, the agent receives the excess as their commission. However, net listing agreements are no longer widely used due to potential ethical concerns. In all types of Oregon Exclusive Listing Agreements — Residential, certain key terms and information are essential for a clear understanding and smooth process. These include: — Detailed property description: The agreement should include the property's address, legal description, and any boundaries or exceptional features that may influence its marketability. — Listing price: The agreed-upon listing price, which may be subject to adjustments during the term of the agreement, should be clearly stated. — Term of agreement: The duration of the agreement should be specified, outlining the starting and ending dates. It's common for the agreement to be valid for a period of 90 days to one year. — Commission and fees: The agreement should outline the commission percentage or fee payable to the agent upon the successful sale of the property. This section may also cover any additional fees or expenses that may arise during the selling process. — Marketing and advertising: The responsibilities of the agent concerning marketing and advertising efforts should be clearly defined. This may include online listings, photography, virtual tours, open houses, brochures, and other promotional activities. — Termination provisions: The agreement should outline the circumstances and penalties for early termination by either party, ensuring a fair and equitable resolution if the agreement needs to be terminated before its expiration. It's important for homeowners to thoroughly review and understand the terms and conditions of an Oregon Exclusive Listing Agreement — Residential before signing to ensure all expectations and obligations are clear. Seeking professional legal advice before entering into such an agreement is advisable.