Virginia 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 Virginia Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner and a real estate agent, granting the agent exclusive rights to market and sell the property. This agreement is specifically designed for residential properties located in Virginia. Under this agreement, the homeowner agrees to work solely with the designated real estate agent, excluding all other agents and brokers for a predetermined period of time. This exclusivity allows the agent to dedicate their efforts and resources towards selling the property without competition from other agents. The Virginia Exclusive Listing Agreement — Residential typically outlines various terms and conditions such as the listing price, the duration of the agreement, the agent's commission, and the marketing strategies to be employed. It also specifies the responsibilities of both parties, ensuring a smooth transaction process. It's important to note that there may be different types or variations of the Virginia Exclusive Listing Agreement — Residential, depending on the specific circumstances and preferences of the homeowner and agent. Some possible types or variations may include: 1. Fixed-Term Exclusive Listing Agreement: This type of agreement specifies a fixed duration within which the agent holds exclusive rights to sell the property. The homeowner cannot terminate the contract until the agreed-upon duration has expired. 2. Multiple Listing Agreement: In this case, the homeowner authorizes the agent to list the property on the Multiple Listing Service (MLS). This agreement allows other real estate agents to bring potential buyers to the property, with the understanding that the designated listing agent will handle the negotiations and sale. 3. Exclusive Agency Listing Agreement: Unlike the traditional exclusive listing agreement, this variation allows the homeowner to market and sell the property independently. However, if the homeowner engages a real estate agent who brings a qualified buyer, the agent is entitled to a commission. 4. Pocket Listing Agreement: This type of agreement is relatively uncommon, but it involves keeping the property off the MLS and having the agent exclusively market it to a select group of potential buyers. This strategy is often used for high-end properties. In conclusion, the Virginia Exclusive Listing Agreement — Residential serves as a crucial tool in facilitating the sale of residential properties in Virginia. Its exclusivity provisions, duration, and other customizable terms make this contract versatile and adaptable to the unique needs and goals of homeowners and real estate agents alike.

The Virginia Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner and a real estate agent, granting the agent exclusive rights to market and sell the property. This agreement is specifically designed for residential properties located in Virginia. Under this agreement, the homeowner agrees to work solely with the designated real estate agent, excluding all other agents and brokers for a predetermined period of time. This exclusivity allows the agent to dedicate their efforts and resources towards selling the property without competition from other agents. The Virginia Exclusive Listing Agreement — Residential typically outlines various terms and conditions such as the listing price, the duration of the agreement, the agent's commission, and the marketing strategies to be employed. It also specifies the responsibilities of both parties, ensuring a smooth transaction process. It's important to note that there may be different types or variations of the Virginia Exclusive Listing Agreement — Residential, depending on the specific circumstances and preferences of the homeowner and agent. Some possible types or variations may include: 1. Fixed-Term Exclusive Listing Agreement: This type of agreement specifies a fixed duration within which the agent holds exclusive rights to sell the property. The homeowner cannot terminate the contract until the agreed-upon duration has expired. 2. Multiple Listing Agreement: In this case, the homeowner authorizes the agent to list the property on the Multiple Listing Service (MLS). This agreement allows other real estate agents to bring potential buyers to the property, with the understanding that the designated listing agent will handle the negotiations and sale. 3. Exclusive Agency Listing Agreement: Unlike the traditional exclusive listing agreement, this variation allows the homeowner to market and sell the property independently. However, if the homeowner engages a real estate agent who brings a qualified buyer, the agent is entitled to a commission. 4. Pocket Listing Agreement: This type of agreement is relatively uncommon, but it involves keeping the property off the MLS and having the agent exclusively market it to a select group of potential buyers. This strategy is often used for high-end properties. In conclusion, the Virginia Exclusive Listing Agreement — Residential serves as a crucial tool in facilitating the sale of residential properties in Virginia. Its exclusivity provisions, duration, and other customizable terms make this contract versatile and adaptable to the unique needs and goals of homeowners and real estate agents alike.