South Dakota Open Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• Control #: US-01728-AZ
• Format: Word; Rich Text

Description

This form is an open listing agreement between broker and seller allowing broker to represent seller and list property for sale in real estate listing services. Adapt to fit your specific needs. Don't reinvent the wheel, save time and money. A South Dakota Open Listing Agreement — Residential is a legal contract between a property owner and a real estate agent or broker. It allows the agent to market and sell the property on the owner's behalf, without providing exclusive representation. In this agreement, the property owner grants the agent the non-exclusive right to market, advertise, and show the property to potential buyers. The agent is only entitled to a commission if they bring a buyer who successfully purchases the property. Some relevant keywords for a South Dakota Open Listing Agreement — Residential include: 1. South Dakota: This refers to the state where the agreement is applicable. It signifies that the agreement adheres to the specific laws and regulations of the state of South Dakota. 2. Open Listing Agreement: This indicates that the agreement is non-exclusive, meaning the property owner can enter into similar agreements with other agents or even sell the property themselves. 3. Residential: This specifies that the agreement is specific to residential properties, including houses, apartments, condominiums, and townhouses. It does not cover commercial or industrial properties. Different types or variations of a South Dakota Open Listing Agreement — Residential may include: 1. Exclusive Agency Open Listing: This type of agreement allows the property owner to sell the property themselves without owing a commission to the agent, but still reserves the right for the agent to be compensated if they find a buyer. 2. Net Listing Agreement: Under this type of agreement, the agent's commission is based on the difference between the selling price and a pre-determined "net" amount desired by the seller. It can sometimes lead to ethical concerns, as the agent may be motivated to undersell the property to increase their commission. 3. Multiple Listing Service (MLS) Open Listing: With this agreement, the property can be listed on the local MLS, allowing multiple agents to market and sell the property. The commission is typically split between the listing agent and the selling agent. 4. Time-limited Open Listing: This is an open listing agreement that has a specific duration, usually ranging from 30 to 90 days. If the property is not sold within the given period, the agreement expires, and the owner may choose to renew it or explore other options. Overall, a South Dakota Open Listing Agreement — Residential provides flexibility for property owners who prefer to market their properties through multiple agents or sell the property themselves. It allows them to reach a broader pool of potential buyers while still having the option to work with a real estate professional.

A South Dakota Open Listing Agreement — Residential is a legal contract between a property owner and a real estate agent or broker. It allows the agent to market and sell the property on the owner's behalf, without providing exclusive representation. In this agreement, the property owner grants the agent the non-exclusive right to market, advertise, and show the property to potential buyers. The agent is only entitled to a commission if they bring a buyer who successfully purchases the property. Some relevant keywords for a South Dakota Open Listing Agreement — Residential include: 1. South Dakota: This refers to the state where the agreement is applicable. It signifies that the agreement adheres to the specific laws and regulations of the state of South Dakota. 2. Open Listing Agreement: This indicates that the agreement is non-exclusive, meaning the property owner can enter into similar agreements with other agents or even sell the property themselves. 3. Residential: This specifies that the agreement is specific to residential properties, including houses, apartments, condominiums, and townhouses. It does not cover commercial or industrial properties. Different types or variations of a South Dakota Open Listing Agreement — Residential may include: 1. Exclusive Agency Open Listing: This type of agreement allows the property owner to sell the property themselves without owing a commission to the agent, but still reserves the right for the agent to be compensated if they find a buyer. 2. Net Listing Agreement: Under this type of agreement, the agent's commission is based on the difference between the selling price and a pre-determined "net" amount desired by the seller. It can sometimes lead to ethical concerns, as the agent may be motivated to undersell the property to increase their commission. 3. Multiple Listing Service (MLS) Open Listing: With this agreement, the property can be listed on the local MLS, allowing multiple agents to market and sell the property. The commission is typically split between the listing agent and the selling agent. 4. Time-limited Open Listing: This is an open listing agreement that has a specific duration, usually ranging from 30 to 90 days. If the property is not sold within the given period, the agreement expires, and the owner may choose to renew it or explore other options. Overall, a South Dakota Open Listing Agreement — Residential provides flexibility for property owners who prefer to market their properties through multiple agents or sell the property themselves. It allows them to reach a broader pool of potential buyers while still having the option to work with a real estate professional.