Washington 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. Washington Exclusive Listing Agreement — Residential is a legally binding contract used in the state of Washington that grants exclusive rights to a real estate broker or agent to represent the seller of a residential property. This agreement restricts the seller from working with any other broker or agent during the listing period specified in the contract. Under this agreement, the real estate broker or agent is given the exclusive authority to market, advertise, and negotiate the sale of the residential property on behalf of the seller. The broker or agent is responsible for ensuring the property receives maximum exposure through various channels, such as online listings, flyers, open houses, and direct marketing. There are several types of Washington Exclusive Listing Agreement — Residential, each catering to different needs and preferences of sellers. These variations include: 1. Exclusive Agency Listing: In this type of agreement, the seller's broker or agent is granted exclusive rights to market the property, but the seller reserves the right to sell the property themselves without having to pay a commission to the broker or agent. 2. Exclusive Right-to-Sell Listing: This is the most common type of Washington Exclusive Listing Agreement — Residential. It grants the exclusive rights to the seller's broker or agent to market and sell the property. No matter who finds the buyer, whether it's the broker or agent, the seller, or another party, the broker or agent is entitled to the agreed commission. 3. Net Listing: This is a less common type of exclusive listing agreement where the seller specifies a desired net price for the property. Any amount received above that net price becomes the broker's or agent's commission. However, net listings are prohibited in some states, so it is crucial to consult with a licensed real estate professional or attorney. When drafting a Washington Exclusive Listing Agreement — Residential, it is essential to include key details such as the property's address, legal description, listing price, listing period, commission rate or amount, and any specific terms or conditions agreed upon between the seller and the broker or agent. It is prudent for both the seller and the broker or agent to thoroughly review and understand the terms and obligations outlined in the agreement before signing. Seeking legal advice is also recommended ensuring compliance with Washington state laws and regulations.

Washington Exclusive Listing Agreement — Residential is a legally binding contract used in the state of Washington that grants exclusive rights to a real estate broker or agent to represent the seller of a residential property. This agreement restricts the seller from working with any other broker or agent during the listing period specified in the contract. Under this agreement, the real estate broker or agent is given the exclusive authority to market, advertise, and negotiate the sale of the residential property on behalf of the seller. The broker or agent is responsible for ensuring the property receives maximum exposure through various channels, such as online listings, flyers, open houses, and direct marketing. There are several types of Washington Exclusive Listing Agreement — Residential, each catering to different needs and preferences of sellers. These variations include: 1. Exclusive Agency Listing: In this type of agreement, the seller's broker or agent is granted exclusive rights to market the property, but the seller reserves the right to sell the property themselves without having to pay a commission to the broker or agent. 2. Exclusive Right-to-Sell Listing: This is the most common type of Washington Exclusive Listing Agreement — Residential. It grants the exclusive rights to the seller's broker or agent to market and sell the property. No matter who finds the buyer, whether it's the broker or agent, the seller, or another party, the broker or agent is entitled to the agreed commission. 3. Net Listing: This is a less common type of exclusive listing agreement where the seller specifies a desired net price for the property. Any amount received above that net price becomes the broker's or agent's commission. However, net listings are prohibited in some states, so it is crucial to consult with a licensed real estate professional or attorney. When drafting a Washington Exclusive Listing Agreement — Residential, it is essential to include key details such as the property's address, legal description, listing price, listing period, commission rate or amount, and any specific terms or conditions agreed upon between the seller and the broker or agent. It is prudent for both the seller and the broker or agent to thoroughly review and understand the terms and obligations outlined in the agreement before signing. Seeking legal advice is also recommended ensuring compliance with Washington state laws and regulations.