Get Mi Faar Commission Agreement For Fsbo/non Mls 2010-2025

The MI FAAR Commission Agreement For FSBO/Non MLS is a vital document for individuals seeking to outline the commission structure for a real estate transaction. This guide provides comprehensive steps to help users accurately complete the form online, ensuring clarity and compliance with the necessary legal requirements.

Follow the steps to complete the MI FAAR Commission Agreement successfully.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the date in the designated field at the top of the form to establish the agreement's effective date.
3. Fill in the details regarding the Buy Sell Agreement, including the date and description of the property being sold.
4. Complete the broker's name in the appropriate field, indicating who will represent the buyer in the transaction.
5. Specify the name of the buyer in the next section, ensuring correct identification for all parties involved.
6. Define the term of the agreement by indicating the number of months for which the arrangement will be active.
7. Indicate the commission percentage that the seller agrees to pay the broker, which is based on the sales price.
8. Acknowledge that the seller will pay the broker at the closing of the transaction.
9. Read and confirm understanding of the statement clarifying that this commission does not create an agency relationship with the seller.
10. Include a statement that advises the seller to seek independent counsel regarding the transaction.
11. Sign and date the agreement in the provided signature fields to finalize the document, ensuring all parties (sellers, buyers, agents) have completed their respective sections.
12. Once all fields are completed, review the entire agreement and ensure accuracy before saving changes, downloading the document, or printing it for further sharing as needed.

Complete your documents online for a smoother real estate transaction experience.