This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Allegheny Pennsylvania One Time Listing and Showing Agreement is a legally binding contract designed for real estate transactions in Allegheny, Pennsylvania. This agreement outlines the terms and conditions between a property owner or seller and a real estate agent/broker. The agreement includes relevant details such as the property address, listing price, commission structure, showing instructions, and the duration of the listing. It emphasizes that the property will be listed exclusively with the designated real estate agent for a specific period, typically ranging from a few months to a year. This type of agreement is advantageous for both the property owner and the real estate agent. For the property owner, it ensures maximum exposure of their property to potential buyers, as the agent becomes responsible for marketing and showing the property to prospective clients. For the agent, it guarantees the exclusive right to representing the property, allowing them to invest time and resources into marketing and selling the listing effectively. In addition to the standard Allegheny Pennsylvania One Time Listing and Showing Agreement, there might be variations or additional agreements tailored to specific circumstances or requirements. Some potential variations include: 1. Exclusive Agency Agreement: This agreement grants exclusivity to one specific agent but allows the property owner to market and sell the property on their own. If the owner successfully finds a buyer without the agent's involvement, they might not be required to pay the full commission. 2. Multiple Listing Agreement: This agreement allows the listing agent to share the property details with other agents within a designated multiple listing service (MLS). By opting for this agreement, the property gains increased exposure as multiple agents can search and show the property to their respective clients. When entering into an Allegheny Pennsylvania One Time Listing and Showing Agreement, it is crucial for both the property owner and the agent to review and understand the terms and conditions thoroughly. Seeking legal advice is often recommended ensuring all parties are protected and their interests are properly addressed. Overall, Allegheny Pennsylvania One Time Listing and Showing Agreements function as a legally binding contract between a property owner and a real estate agent, outlining the conditions for exclusive representation, marketing, and showing of a property in the Allegheny, Pennsylvania area.
