Exclusive Listing Agreement - Residential: This agreement is between the Owner of land and a Broker. A contract such as this, simply states that the Owner gives the exclusive right to selling his/her property to this particular Broker. Each party signs this document in front of a Notary Public. This form is available in both Word and Rich Text formats.
The Phoenix Arizona Exclusive Listing Agreement — Residential is a legally binding contract signed between a property owner (seller) and a licensed real estate agent or brokerage (listing agent) operating in the Phoenix, Arizona area. This agreement outlines the terms and conditions under which the listing agent will exclusively represent the seller in the sale of their residential property. Keywords: Phoenix Arizona, Exclusive Listing Agreement, Residential, property owner, real estate agent, brokerage, terms and conditions, exclusively represent, sale. The primary purpose of this agreement is to establish a professional relationship between the seller and the listing agent, giving the agent the exclusive right to market and sell the seller's residential property. This means that during the agreed-upon period, typically three to six months, the seller cannot engage any other real estate agent or brokerage to sell their property. The agreement specifies the property's details, including the address, legal description, and any additional features or amenities that could attract potential buyers. It may further include the property's condition and any known defects, which the seller is obligated to disclose according to Arizona law. Within the Phoenix Arizona Exclusive Listing Agreement — Residential, there may be different types or variations to suit specific circumstances. For example, an "Open Listing" allows the seller to engage multiple listing agents, where the first agent to bring a suitable buyer is entitled to a commission. However, this type of agreement is less common due to limited agent motivation and the potential for conflicting responsibilities. On the other hand, a "Net Listing" is an arrangement where the seller sets a desired net price for their property, and any amount exceeding that price becomes the listing agent's commission. Net listings are generally less favored and are sometimes even prohibited in certain states due to potential ethical concerns. The agreement also outlines the duties and responsibilities of the listing agent, such as advertising the property, conducting open houses, coordinating showings, negotiating offers, and preparing all necessary documents for the sale process. It may also stipulate the listing agent's commission, usually a percentage of the final sales price, which is only payable upon a successful sale. To protect the seller's interests, the agreement typically includes provisions for termination and dispute resolution. Sellers have the option to terminate the agreement if the listing agent fails to meet their obligations or if they wish to switch to a different agent. Disputes that may arise during the agreement's term can be resolved through mediation, arbitration, or litigation, depending on the chosen provisions. In conclusion, the Phoenix Arizona Exclusive Listing Agreement — Residential is a crucial document that establishes the legal relationship between a property's seller and their chosen to list agent. It outlines the terms, conditions, and expectations for marketing and selling residential properties in the Phoenix, Arizona area, ensuring a clear understanding of the responsibilities and rights of both parties.The Phoenix Arizona Exclusive Listing Agreement — Residential is a legally binding contract signed between a property owner (seller) and a licensed real estate agent or brokerage (listing agent) operating in the Phoenix, Arizona area. This agreement outlines the terms and conditions under which the listing agent will exclusively represent the seller in the sale of their residential property. Keywords: Phoenix Arizona, Exclusive Listing Agreement, Residential, property owner, real estate agent, brokerage, terms and conditions, exclusively represent, sale. The primary purpose of this agreement is to establish a professional relationship between the seller and the listing agent, giving the agent the exclusive right to market and sell the seller's residential property. This means that during the agreed-upon period, typically three to six months, the seller cannot engage any other real estate agent or brokerage to sell their property. The agreement specifies the property's details, including the address, legal description, and any additional features or amenities that could attract potential buyers. It may further include the property's condition and any known defects, which the seller is obligated to disclose according to Arizona law. Within the Phoenix Arizona Exclusive Listing Agreement — Residential, there may be different types or variations to suit specific circumstances. For example, an "Open Listing" allows the seller to engage multiple listing agents, where the first agent to bring a suitable buyer is entitled to a commission. However, this type of agreement is less common due to limited agent motivation and the potential for conflicting responsibilities. On the other hand, a "Net Listing" is an arrangement where the seller sets a desired net price for their property, and any amount exceeding that price becomes the listing agent's commission. Net listings are generally less favored and are sometimes even prohibited in certain states due to potential ethical concerns. The agreement also outlines the duties and responsibilities of the listing agent, such as advertising the property, conducting open houses, coordinating showings, negotiating offers, and preparing all necessary documents for the sale process. It may also stipulate the listing agent's commission, usually a percentage of the final sales price, which is only payable upon a successful sale. To protect the seller's interests, the agreement typically includes provisions for termination and dispute resolution. Sellers have the option to terminate the agreement if the listing agent fails to meet their obligations or if they wish to switch to a different agent. Disputes that may arise during the agreement's term can be resolved through mediation, arbitration, or litigation, depending on the chosen provisions. In conclusion, the Phoenix Arizona Exclusive Listing Agreement — Residential is a crucial document that establishes the legal relationship between a property's seller and their chosen to list agent. It outlines the terms, conditions, and expectations for marketing and selling residential properties in the Phoenix, Arizona area, ensuring a clear understanding of the responsibilities and rights of both parties.
