A Listing Contract Form Must Have In Pennsylvania

• Category: Real Estate - Contracts - Agents
• State: Multi-State
• Control #: US-00048DR
• Format: Word; Rich Text

Description

A listing contract form must have in Pennsylvania includes essential elements to formally terminate an agreement between a seller and a real estate broker. Key features of this form consist of the identification of the parties involved, including the broker and seller's names and addresses. The document outlines the mutual agreement to terminate the original listing agreement, indicating specific dates for both the agreement and termination. It also includes clauses that waive claims and obligations for both parties, ensuring that the broker forfeits any future financial claims while reserving rights for commissions earned prior to termination. Filling out the form requires clear, concise information entry, and it should be signed by both parties to affirm their consent. This form is particularly useful for attorneys and legal assistants who need to ensure compliance with real estate practices, as well as for brokers and sellers for managing their contractual relationships. Paralegals can utilize this document to assist clients by simplifying the termination process and ensuring that necessary legal protections are in place.