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 South Dakota One Time Listing and Showing Agreement is a contractual agreement that outlines the terms and conditions between a real estate agent and a property owner who wishes to sell their property. This agreement is specific to the state of South Dakota and is designed for a one-time listing and showing of the property. The purpose of the agreement is to establish the rights and responsibilities of both parties involved in the real estate transaction. It provides a clear understanding of the duration of the listing period, the agreed-upon listing price, and any additional terms and conditions. Some key elements included in the South Dakota One Time Listing and Showing Agreement are: 1. Property Details: The agreement should clearly identify the property being listed for sale, including its address, legal description, and any specific features or amenities. 2. Listing Price: The agreement specifies the desired listing price for the property, based on the market value and the owner's expectations. 3. Listing Period: The duration of the listing period is defined in the agreement. It outlines the start and end dates during which the real estate agent has exclusive rights to market and show the property. 4. Real Estate Commission: The agreement outlines the commission rate that the real estate agent will receive upon the successful sale of the property. It typically represents a percentage of the final sale price. 5. Agency Representation: The agreement establishes whether the real estate agent represents the seller exclusively (seller's agent) or acts as a neutral intermediary (transaction broker). 6. Marketing and Advertising: The agreement may address the marketing strategies the agent will use to promote the property, including online listings, traditional media, open houses, and signage. 7. Showings and Open Houses: The agreement specifies how and when the agent can show the property to potential buyers and schedule open houses. It may also address any restrictions or guidelines for showings. 8. Disclosure Requirements: The agreement ensures that the property owner provides all necessary disclosures regarding the condition and history of the property as required by South Dakota state laws. It is important to note that there may be variations of the South Dakota One Time Listing and Showing Agreement depending on the specific circumstances of the transaction. For example, there may be different agreements for residential properties, commercial properties, or land. These variations will address specific considerations and requirements relevant to each property type.
