Wake North Carolina Open Listing Agreement - Residential

• Category: Real Estate - Home Sale
• State: Multi-State
• County: Wake
• 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. Keywords: Wake North Carolina, open listing agreement, residential, detailed description, types Description: A Wake North Carolina Open Listing Agreement — Residential is a legal agreement between a homeowner/seller and a real estate agent/broker, allowing them to market and sell the residential property on a non-exclusive basis. This arrangement offers the homeowner flexibility to engage multiple real estate agents simultaneously, aiming to maximize exposure and find potential buyers quickly. In this type of agreement, the homeowner retains the right to sell the property independently without any obligation to the real estate agent. The open listing agreement can be terminated at any time without penalty or fees, making it a flexible choice for homeowners who prefer to remain in control throughout the selling process. Different types of Wake North Carolina Open Listing Agreements — Residential may include: 1. Non-Exclusive Open Listing Agreement: The most common type of open listing agreement, where the homeowner can engage multiple real estate agents or brokers to list their property simultaneously. The right to sell independently is retained, and the commission is typically paid to the agent who successfully finds a buyer. 2. Exclusive Open Listing Agreement: In this type of agreement, the homeowner still retains the right to sell independently, but only a single real estate agent or broker is engaged. The exclusive agent has an exclusive window to find a buyer and earn the commission. However, the homeowner can switch to a non-exclusive agreement if desired. 3. Pocket Listing: A pocket listing is a type of open listing where a real estate agent may keep the property listing private and not publicly advertise it on the Multiple Listing Service (MLS) or other similar platforms. These listings are often shared with a network of trusted agents, increasing the property's exclusivity and desirability. 4. Limited Service Open Listing Agreement: A limited service open listing agreement allows homeowners to work with a real estate agent on specific aspects, such as providing guidance on pricing, marketing strategies, or negotiation tips, without the agent actively marketing or promoting the property. Homeowners maintain control over the selling process while benefiting from professional advice. Whichever type of Wake North Carolina Open Listing Agreement — Residential is chosen, homeowners need to carefully review and understand the terms, conditions, rights, and obligations attached. Seeking legal advice is strongly recommended ensuring compliance with local laws and regulations.

Keywords: Wake North Carolina, open listing agreement, residential, detailed description, types Description: A Wake North Carolina Open Listing Agreement — Residential is a legal agreement between a homeowner/seller and a real estate agent/broker, allowing them to market and sell the residential property on a non-exclusive basis. This arrangement offers the homeowner flexibility to engage multiple real estate agents simultaneously, aiming to maximize exposure and find potential buyers quickly. In this type of agreement, the homeowner retains the right to sell the property independently without any obligation to the real estate agent. The open listing agreement can be terminated at any time without penalty or fees, making it a flexible choice for homeowners who prefer to remain in control throughout the selling process. Different types of Wake North Carolina Open Listing Agreements — Residential may include: 1. Non-Exclusive Open Listing Agreement: The most common type of open listing agreement, where the homeowner can engage multiple real estate agents or brokers to list their property simultaneously. The right to sell independently is retained, and the commission is typically paid to the agent who successfully finds a buyer. 2. Exclusive Open Listing Agreement: In this type of agreement, the homeowner still retains the right to sell independently, but only a single real estate agent or broker is engaged. The exclusive agent has an exclusive window to find a buyer and earn the commission. However, the homeowner can switch to a non-exclusive agreement if desired. 3. Pocket Listing: A pocket listing is a type of open listing where a real estate agent may keep the property listing private and not publicly advertise it on the Multiple Listing Service (MLS) or other similar platforms. These listings are often shared with a network of trusted agents, increasing the property's exclusivity and desirability. 4. Limited Service Open Listing Agreement: A limited service open listing agreement allows homeowners to work with a real estate agent on specific aspects, such as providing guidance on pricing, marketing strategies, or negotiation tips, without the agent actively marketing or promoting the property. Homeowners maintain control over the selling process while benefiting from professional advice. Whichever type of Wake North Carolina Open Listing Agreement — Residential is chosen, homeowners need to carefully review and understand the terms, conditions, rights, and obligations attached. Seeking legal advice is strongly recommended ensuring compliance with local laws and regulations.