Listing Agreement Document For Payment Agreement In Broward

State:
Multi-State
County:
Broward
Control #:
US-00056DR
Format:
Word; 
Rich Text
Instant download

Description

The Listing Agreement Document for Payment Agreement in Broward is a one-time contractual form that enables sellers to authorize a realtor to show their property to potential buyers. This document outlines key elements such as the addresses and legal descriptions of the property, parties involved (seller and buyer), and the commission fee the seller agrees to pay the realtor upon sale completion. Users must fill in specific details like the agent's name and the fee structure, selecting either a fixed dollar amount or a percentage of the sale price. The agreement clarifies the roles of the agent and their brokerage in the transaction, noting their agency relationship—whether it is as a single agent for either party or a transactional agent. The form is particularly useful for real estate attorneys, partners in law firms, property owners, associates, paralegals, and legal assistants who facilitate real estate transactions, ensuring compliance and clarity in property dealings. Additionally, users should review the document carefully, as it is legally binding and may require legal advice if any aspect is unclear. Overall, the agreement serves as a vital tool in streamlining the showing and sale process of properties in Broward.

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FAQ

A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

Though notarization is not required, it may still be a good idea to have a notary present in order to verify the identities of all signers.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

"Listing agreement" means a written contract between a seller of real property or a business opportunity and a real estate broker by which the broker has been authorized to sell the real property or find or obtain a buyer, including rendering other services for which a real estate license is required to the seller ...

The purpose of a real estate listing agreement is to establish a contractual relationship between a property owner (seller) and a real estate broker. It authorizes the broker to act on the seller's behalf to sell the property under specified terms and conditions.

Explanation: A written listing agreement between a seller and a broker is an example of a bilateral contract. A bilateral contract is a type of contract where both parties make promises to each other. In this case, the seller promises to sell the property and the broker promises to find a buyer.

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

“Listing agreement” means a written contract between a seller of real property or a business opportunity and a real estate broker by which the broker has been authorized to sell the real property or find or obtain a buyer, including rendering other services for which a real estate license is required to the seller ...

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Listing Agreement Document For Payment Agreement In Broward