This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Listing Agreement Contract With Broker In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
To be legally enforceable, a listing agreement must satisfy four requirements. It must contain a property description, include a promise of compensation, specify a fixed figure for the compensation (either a percentage or a dollar amount), and be in writing and signed by the seller.
Eight Listing Traps to Avoid Approach to Conflicts of Interest. Non-Disclosed Referral Fees. Lack of Specificity in the Listing Agreement. Unquantifiable Efforts. Long Listing Agreements. Seller Costs. Focus on Brokerage Rather Than Agent. Paying Out of Escrow.
Every valid contract in California needs to have four essential elements. (1) The parties must be capable of contracting, (2) the parties must consent to the contract, (3) the contract must have a lawful object (they cannot be for illegal services), and (4) the contract must be supported by consideration.
Whether you change your mind about selling, have ethical or performance concerns about the agent, or you just don't find a buyer, you can get out of a listing agreement.
2. Exclusive right to sell listing agreement. 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.
Exclusive right to sell listing An exclusive right to sell grants a single real estate agency exclusive authority to market and sell a property, ensuring the listing agent earns a commission regardless of who finds the buyer.
An exclusive right to sell listing is an agreement that entitles the broker to a commission regardless of who sells the property.
Exclusive Right-to-Sell Listing With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property. The broker receives a commission no matter who sells the property while the listing agreement is in effect.
Explanation: The name of the listing agreement in which a broker is entitled to a commission no matter who sells the property is an exclusive right-to-sell agreement. In this type of contract, a broker is guaranteed a commission even if the property is sold by the owner without any help from the broker.
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.
