Listing Agreement Contract For Unimproved Property In Fairfax

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

Description

The Listing Agreement Contract for Unimproved Property in Fairfax is a legally binding document that facilitates the showing and potential sale of unimproved property. This agreement allows sellers to authorize a named realtor or brokerage to present their property to potential buyers. Key features include the identification of the property through its address and legal description, as well as details regarding the seller's obligations to pay a professional fee upon the property's sale. The form also clarifies the type of agency relationship established between the parties involved, such as a single agent representing the buyer or seller, or a transactional agent. Filling out this form requires accurate representation of the parties' names and signatures, ensuring that both the seller and agent understand their roles. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a crucial tool in real estate transactions. It provides a clear framework for negotiations and responsibilities, ensuring all parties are informed of their rights and duties. Properly utilizing this agreement can streamline the selling process and protect the interests of those involved.

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FAQ

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).

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.

Unimproved property means property upon which no residential, commercial, or other building has been built.

Unimproved land (sometimes known as vacant lots or more commonly raw land) is land that does not have any active services or public utilities running through it like water lines, electricity or even street access from the public roadways.

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.

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.

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Listing Agreement Contract For Unimproved Property In Fairfax