Phoenix Arizona Exclusive Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner and a real estate agent or brokerage firm that grants the agent or firm the exclusive right to sell the residential property in Phoenix, Arizona. This agreement outlines the terms and conditions under which the agent or firm will represent the homeowner in marketing, negotiating, and finalizing the sale of their property. Key terms and concepts relevant to the Phoenix Arizona Exclusive Listing Agreement — Residential include: 1. Exclusive Listing: This agreement ensures that the homeowner works exclusively with the designated agent or brokerage, preventing them from engaging multiple agents simultaneously. By signing this agreement, the homeowner essentially entrusts the agent or firm with the sole responsibility of marketing and selling their property. 2. Residential Property: This agreement specifically pertains to residential properties located in Phoenix, Arizona. These properties can include single-family homes, townhouses, condos, apartments, or any other dwelling primarily used as a residence. 3. Listing Duration: The agreement stipulates the duration for which the agent or firm will have the exclusive right to sell the property. This timeframe is typically negotiable and can range from a few months to a year or more. 4. Commission and Fees: The agreement clearly outlines the commission percentage or flat fee that the homeowner will pay to the agent or firm upon the successful sale of their property. Additionally, it may specify any other fees and expenses that the homeowner is responsible for, such as marketing costs or administrative fees. 5. Seller Responsibilities: The agreement may include the homeowner's responsibilities, such as maintaining the property in good condition, providing accurate and up-to-date information about the property, allowing access for showings and inspections, and cooperating with the agent or firm's marketing efforts. Types of Phoenix Arizona Exclusive Listing Agreements — Residential: 1. Exclusive Right to Sell Listing: This is the most common type of residential listing agreement in Phoenix, Arizona. It grants the agent or firm the exclusive right to sell the property and earn a commission regardless of who ultimately finds the buyer — whether it be the agent themselves, another agent, or the homeowner themselves. 2. Exclusive Agency Listing: In this type of listing agreement, the agent or firm has the exclusive right to sell the property, but the homeowner retains the right to sell the property themselves without owing any commission to the agent or firm. However, if the homeowner finds a buyer through the agent or firm, they will owe the agreed-upon commission. 3. Multiple Listing Service (MLS) Agreement: This agreement allows the agent or firm to list the property on the MLS, a database that real estate agents use to share property information with other agents. This increases the property's exposure, potentially attracting more potential buyers and agents. In conclusion, the Phoenix Arizona Exclusive Listing Agreement — Residential is a critical document that outlines the terms and conditions between homeowners and real estate agents or brokerage firms when selling residential properties in Phoenix, Arizona. Understanding the different types of listing agreements and the key terms involved will help both homeowners and agents navigate the real estate market effectively.

The Phoenix Arizona Exclusive Listing Agreement — Residential is a legally binding contract between a homeowner and a real estate agent or brokerage firm that grants the agent or firm the exclusive right to sell the residential property in Phoenix, Arizona. This agreement outlines the terms and conditions under which the agent or firm will represent the homeowner in marketing, negotiating, and finalizing the sale of their property. Key terms and concepts relevant to the Phoenix Arizona Exclusive Listing Agreement — Residential include: 1. Exclusive Listing: This agreement ensures that the homeowner works exclusively with the designated agent or brokerage, preventing them from engaging multiple agents simultaneously. By signing this agreement, the homeowner essentially entrusts the agent or firm with the sole responsibility of marketing and selling their property. 2. Residential Property: This agreement specifically pertains to residential properties located in Phoenix, Arizona. These properties can include single-family homes, townhouses, condos, apartments, or any other dwelling primarily used as a residence. 3. Listing Duration: The agreement stipulates the duration for which the agent or firm will have the exclusive right to sell the property. This timeframe is typically negotiable and can range from a few months to a year or more. 4. Commission and Fees: The agreement clearly outlines the commission percentage or flat fee that the homeowner will pay to the agent or firm upon the successful sale of their property. Additionally, it may specify any other fees and expenses that the homeowner is responsible for, such as marketing costs or administrative fees. 5. Seller Responsibilities: The agreement may include the homeowner's responsibilities, such as maintaining the property in good condition, providing accurate and up-to-date information about the property, allowing access for showings and inspections, and cooperating with the agent or firm's marketing efforts. Types of Phoenix Arizona Exclusive Listing Agreements — Residential: 1. Exclusive Right to Sell Listing: This is the most common type of residential listing agreement in Phoenix, Arizona. It grants the agent or firm the exclusive right to sell the property and earn a commission regardless of who ultimately finds the buyer — whether it be the agent themselves, another agent, or the homeowner themselves. 2. Exclusive Agency Listing: In this type of listing agreement, the agent or firm has the exclusive right to sell the property, but the homeowner retains the right to sell the property themselves without owing any commission to the agent or firm. However, if the homeowner finds a buyer through the agent or firm, they will owe the agreed-upon commission. 3. Multiple Listing Service (MLS) Agreement: This agreement allows the agent or firm to list the property on the MLS, a database that real estate agents use to share property information with other agents. This increases the property's exposure, potentially attracting more potential buyers and agents. In conclusion, the Phoenix Arizona Exclusive Listing Agreement — Residential is a critical document that outlines the terms and conditions between homeowners and real estate agents or brokerage firms when selling residential properties in Phoenix, Arizona. Understanding the different types of listing agreements and the key terms involved will help both homeowners and agents navigate the real estate market effectively.