Listing Agreement Document With Multiple Agents In Cuyahoga

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

Description

The Listing Agreement Document with Multiple Agents in Cuyahoga is a legally binding contract enabling sellers to authorize an agent to show their property to potential buyers. This document includes sections for seller and buyer details, property address, and legal description, ensuring all relevant parties are clearly identified. The seller agrees to pay the agent a professional fee, either as a specific dollar amount or a percentage of the sales price, which is due at closing. Users are advised to seek legal counsel if they do not fully understand the agreement. This document is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for agent representation and agency relationships. Additionally, it discloses the type of agency relationship, such as a single agent representing either the buyer or seller or a transactional agent. The straightforward format and detailed instructions for filling and editing make it accessible for those with varying levels of legal experience, ensuring clarity in the real estate transaction process.

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FAQ

Joint agents Joint agency agreements mean that you'll have two, rather than one, agents working to sell your property, but no more than that. Both of the agents in question must agree to this, and the decision over who gets the commission once the property is sold will also be made before the agreement is drawn up.

Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.

Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.

If dual agency occurs, you will be asked to consent to that in writing. If you do not agree to your agent acting as a dual agent, you can seek representation from another brokerage. As a buyer, you may also choose to represent yourself on properties (brokerage) has listed.

Finally, there are situations in which a seller truly signs two contracts, attempting to hedge his or her bets and ensure that a deal is made. This is not generally appropriate and can wind up in litigation. In many cases, nothing bad will happen. One buyer backs out, and the second buys.

A multiple listing authorization gives a broker what authority? To list the owner's property in a multiple listing service. To sell several properties for the owner at once. To represent both seller and buyer, if necessary, in selling the property.

It's normal to work with multiple realtors in the initial stages for a short time to see who you like. You need to tell them upfront, as they will eventually find out anyway and quickly loose interest. Their job is to ensure you get the best deal, represent you during the transaction and ensure it goes smoothly.

Just be honest with them. Tell them you've chosen another. Agents know you don't get every listing you go for. If they ask why tell them.

Q: Can two separate brokerages with no affiliation co-list a property together with two listing agents—one from each brokerage? A: Yes. There is no law or regulation prohibiting this conduct, but this arrangement raises some important issues.

How do I add a Co-Listing Agent? Select Listings from the main menu. Find your listing. Choose Add Co-Listing Agent. Select one from your office or MLS. Choose Notification preferences. Please Note: These agents can be set up to have similar or different notification preferences than you do.

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Listing Agreement Document With Multiple Agents In Cuyahoga