Texas 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. The Texas Exclusive Listing Agreement — Residential is a legally binding contract entered into between a property owner (referred to as the "Seller") and a licensed real estate agent (referred to as the "Agent") in the state of Texas. This agreement allows the Agent to exclusively represent and market the Seller's residential property for a specified duration, typically 90-180 days. One type of Texas Exclusive Listing Agreement is the Exclusive Right to Sell Listing, which grants the Agent the sole right to market and sell the property. Under this agreement, the Agent is entitled to a commission regardless of who ultimately buys the property, whether it's through the Agent's efforts or another party. Another variation is the Exclusive Agency Listing, which is slightly different from the Exclusive Right to Sell Listing. While the Agent still has exclusive rights to market the property, the Seller retains the right to sell the property themselves without paying a commission to the Agent. However, if the Seller finds a buyer through their own efforts, the Agent may still be entitled to a commission if specified conditions are met. The Texas Exclusive Listing Agreement — Residential outlines several key elements, including: 1. Property Information: The agreement must include a detailed description of the residential property, including its address, legal description, and any unique features or amenities. 2. Listing Price: The Seller and Agent mutually agree on an appropriate listing price for the property, taking into consideration market conditions and comparable sales in the area. 3. Listing Period: The agreement specifies the duration of the exclusive listing, during which the Agent has the right to market and sell the property. The typical listing period ranges from three to six months. 4. Commission Rate: The agreement sets forth the commission rate that the Seller agrees to pay the Agent upon the successful sale of the property. Typically, this rate ranges from 5-6% of the final sale price. 5. Agent Duties: The agreement outlines the Agent's responsibilities, including marketing and advertising the property, coordinating showings, negotiating offers, and assisting with the closing process. 6. Seller's Obligations: The Seller agrees to cooperate with the Agent by making the property available for showings, providing accurate information about the property, and disclosing any material defects or issues. Overall, the Texas Exclusive Listing Agreement — Residential is a crucial document that protects both the Seller and the Agent throughout the process of marketing and selling a residential property. It ensures that the Agent has the exclusive right to represent the Seller while outlining their responsibilities, commission structure, and the duration of the agreement.

The Texas Exclusive Listing Agreement — Residential is a legally binding contract entered into between a property owner (referred to as the "Seller") and a licensed real estate agent (referred to as the "Agent") in the state of Texas. This agreement allows the Agent to exclusively represent and market the Seller's residential property for a specified duration, typically 90-180 days. One type of Texas Exclusive Listing Agreement is the Exclusive Right to Sell Listing, which grants the Agent the sole right to market and sell the property. Under this agreement, the Agent is entitled to a commission regardless of who ultimately buys the property, whether it's through the Agent's efforts or another party. Another variation is the Exclusive Agency Listing, which is slightly different from the Exclusive Right to Sell Listing. While the Agent still has exclusive rights to market the property, the Seller retains the right to sell the property themselves without paying a commission to the Agent. However, if the Seller finds a buyer through their own efforts, the Agent may still be entitled to a commission if specified conditions are met. The Texas Exclusive Listing Agreement — Residential outlines several key elements, including: 1. Property Information: The agreement must include a detailed description of the residential property, including its address, legal description, and any unique features or amenities. 2. Listing Price: The Seller and Agent mutually agree on an appropriate listing price for the property, taking into consideration market conditions and comparable sales in the area. 3. Listing Period: The agreement specifies the duration of the exclusive listing, during which the Agent has the right to market and sell the property. The typical listing period ranges from three to six months. 4. Commission Rate: The agreement sets forth the commission rate that the Seller agrees to pay the Agent upon the successful sale of the property. Typically, this rate ranges from 5-6% of the final sale price. 5. Agent Duties: The agreement outlines the Agent's responsibilities, including marketing and advertising the property, coordinating showings, negotiating offers, and assisting with the closing process. 6. Seller's Obligations: The Seller agrees to cooperate with the Agent by making the property available for showings, providing accurate information about the property, and disclosing any material defects or issues. Overall, the Texas Exclusive Listing Agreement — Residential is a crucial document that protects both the Seller and the Agent throughout the process of marketing and selling a residential property. It ensures that the Agent has the exclusive right to represent the Seller while outlining their responsibilities, commission structure, and the duration of the agreement.