Harris Texas Open Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• County: Harris
• Control #: US-01728-AZ
• Format: Word; Rich Text

Description

This form is an open listing agreement between broker and seller allowing broker to represent seller and list property for sale in real estate listing services. Adapt to fit your specific needs. Don't reinvent the wheel, save time and money. The Harris Texas Open Listing Agreement — Residential is a legal contract between a homeowner and a licensed real estate agent or broker. This agreement is commonly used in Harris County, Texas, and allows the homeowner to list their residential property for sale with multiple real estate professionals simultaneously. An open listing agreement is different from an exclusive listing agreement, as it allows the homeowner to work with multiple agents or brokers to find a potential buyer for their property. The agreement does not grant exclusivity to any particular agent, and the homeowner retains the right to sell the property independently without having to pay a commission to the agent. The Harris Texas Open Listing Agreement — Residential typically includes the following key elements: 1. Property Details: The agreement begins with a detailed description of the residential property, including its address, legal description, and any unique features or specifications. 2. Listing Price and Terms: The homeowner and the agent agree on an appropriate listing price for the property. This is based on various factors like recent comparable sales, market conditions, and the property's condition. Additionally, the agreement may specify the listing period, which determines how long the property will be listed for sale. 3. Commission and Fees: The agreement outlines the commission rate or fee the homeowner agrees to pay to the agent upon the successful sale of the property. It also specifies if the commission will be shared with any cooperating brokers involved in the sale. 4. Marketing and Advertising: The agreement may outline the marketing and advertising strategies that the agent will employ to promote and showcase the property to potential buyers. This can include online listings, traditional print media, open houses, and more. 5. Showings and Inspections: The agreement specifies how showings and property inspections will be coordinated. It may outline any restrictions or requirements, such as advance notice or specific times available for showings. 6. Termination Clause: The agreement includes provisions for how either party may terminate the agreement before the listing period expires. This may include conditions such as non-performance, breach of contract, or mutual agreement. Different variations of the Harris Texas Open Listing Agreement — Residential may exist, depending on the specific terms agreed upon by the homeowner and the agent. Some examples of these variations could include an open listing agreement with a specific time limit, an open listing agreement with exclusions for certain potential buyers, or an open listing agreement with a reduced commission rate for a limited period. In conclusion, the Harris Texas Open Listing Agreement — Residential is a flexible arrangement that allows homeowners in Harris County, Texas, to work with multiple agents simultaneously to sell their residential property. Its unique features provide homeowners with more flexibility and control over the selling process.

The Harris Texas Open Listing Agreement — Residential is a legal contract between a homeowner and a licensed real estate agent or broker. This agreement is commonly used in Harris County, Texas, and allows the homeowner to list their residential property for sale with multiple real estate professionals simultaneously. An open listing agreement is different from an exclusive listing agreement, as it allows the homeowner to work with multiple agents or brokers to find a potential buyer for their property. The agreement does not grant exclusivity to any particular agent, and the homeowner retains the right to sell the property independently without having to pay a commission to the agent. The Harris Texas Open Listing Agreement — Residential typically includes the following key elements: 1. Property Details: The agreement begins with a detailed description of the residential property, including its address, legal description, and any unique features or specifications. 2. Listing Price and Terms: The homeowner and the agent agree on an appropriate listing price for the property. This is based on various factors like recent comparable sales, market conditions, and the property's condition. Additionally, the agreement may specify the listing period, which determines how long the property will be listed for sale. 3. Commission and Fees: The agreement outlines the commission rate or fee the homeowner agrees to pay to the agent upon the successful sale of the property. It also specifies if the commission will be shared with any cooperating brokers involved in the sale. 4. Marketing and Advertising: The agreement may outline the marketing and advertising strategies that the agent will employ to promote and showcase the property to potential buyers. This can include online listings, traditional print media, open houses, and more. 5. Showings and Inspections: The agreement specifies how showings and property inspections will be coordinated. It may outline any restrictions or requirements, such as advance notice or specific times available for showings. 6. Termination Clause: The agreement includes provisions for how either party may terminate the agreement before the listing period expires. This may include conditions such as non-performance, breach of contract, or mutual agreement. Different variations of the Harris Texas Open Listing Agreement — Residential may exist, depending on the specific terms agreed upon by the homeowner and the agent. Some examples of these variations could include an open listing agreement with a specific time limit, an open listing agreement with exclusions for certain potential buyers, or an open listing agreement with a reduced commission rate for a limited period. In conclusion, the Harris Texas Open Listing Agreement — Residential is a flexible arrangement that allows homeowners in Harris County, Texas, to work with multiple agents simultaneously to sell their residential property. Its unique features provide homeowners with more flexibility and control over the selling process.