Listing Agreement Contract For Unimproved Property In Collin

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

Description

The Listing Agreement Contract for Unimproved Property in Collin is a legally binding agreement that allows sellers to grant a real estate agent the authority to show unimproved property to prospective buyers. It includes essential details such as the property's address, legal description, and names of the seller(s) and buyer(s). The seller agrees to compensate the agent with a specified professional fee or a percentage of the sales price upon closing of a sale. The form outlines the agency relationship, emphasizing the agent's role as either a single agent or a transactional agent. It is crucial for users to complete the form accurately to ensure clarity and legal compliance. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form for streamlined property transactions, ensuring that all parties are appropriately informed about their roles and obligations. It is recommended that users review the contract carefully and seek legal advice if needed to understand its implications fully. This form serves to protect the interests of both sellers and agents in the real estate transaction process.

Form popularity

FAQ

The exclusive right-to-represent contract is the most common buyer representation agreement and best protects the agent. Buyer's agents make significant time and resource investments.

An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.

An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.

Unimproved Property Contract (Form ID: 9-16): This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description). It is not for use for condominium transactions.

An exclusive right-to-sell listing is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.

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

The most predominant listing agreement in California is the Exclusive Right to Sell Agreement. This agreement entitles the listing agent to a commission regardless of who finds the buyer, granting them exclusive marketing rights for the home. Other types of agreements exist but are less common.

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

Yes, you can write your own contract. However, including all necessary elements is crucial to make it legally binding.

Trusted and secure by over 3 million people of the world’s leading companies

Listing Agreement Contract For Unimproved Property In Collin