A Listing Contract Form Must Have In Wake

State:
Multi-State
County:
Wake
Control #:
US-00048DR
Format:
Word; 
Rich Text
Instant download

Description

The Termination of Listing Agreement form is an essential document for real estate transactions in Wake. This form is used to officially terminate an existing Listing Agreement between a Broker and a Seller, detailing the mutual agreements and waivers of rights and obligations. Key features include spaces for the date of agreement, names and addresses of the Broker and Seller, and a clause that outlines the termination date. The form requires both parties to release each other from further obligations under the original Listing Agreement, except for any previously earned commissions. Filling out the form involves providing accurate dates, names, and any final reimbursement amounts for incurred expenses. This form is particularly useful for attorneys, partners, and associates involved in real estate transactions, as it ensures clarity and legal compliance when ending a listing arrangement. Paralegals and legal assistants also benefit from understanding the form's structure for efficient document handling and client relations. Overall, this form facilitates smooth transitions in real estate dealings, protecting the interests of all parties involved.

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FAQ

A listing agreement is a written document signed by all owners of real estate or their authorized attorney in fact authorizing a broker to offer or advertise real estate described in such document for sale or lease on specified terms for a defined period of time and is only valid if signed by all owners or their ...

Final answer: The component that is not required in most listing agreements is the naming of an escrow company. Most listing agreements typically include identification of the property, compensation details and signatures, although the escrow company is usually determined later in the selling process.

Final answer: The exclusive net agency listing is not a standard listing agreement in California. The commonly used agreements include exclusive agency listing, the exclusive right-to-sell listing, and open listing.

A listing agreement is “a legally binding contract that creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction.” In other words, a listing agreement is an employment contract between a client and a broker that spells out what the broker is responsible for ...

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

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A Listing Contract Form Must Have In Wake