Listing Agreement Document With Realtor In Fairfax

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

Description

The Listing Agreement Document with Realtor in Fairfax is a legally binding contract that facilitates the transaction between the seller of a property and the appointed realtor or brokerage. It specifies the legal description of the property being sold, the seller's details, and the buyer's information while granting the realtor permission to show the property to potential buyers. A key feature of this document includes the commitment of the seller to pay the realtor a professional fee, either as a fixed amount or a percentage of the sales price upon closing. The form also outlines the type of agency relationship the realtor has with both the buyer and seller, ensuring transparency. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it sets a clear legal framework for property transactions, protects the rights and obligations of all parties, and aids in avoiding disputes. Users are instructed to fill in specific sections, such as names and fees, and to date the document upon signing. Its straightforward format and clear instructions make it accessible for users with varying levels of legal experience.

Form popularity

FAQ

A listing agreement is a contract between a property owner and a real estate brokerage that authorizes the broker to represent the seller and act as their agent in the sale of the property.

A listing agreement is “a legally binding contract that creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction.” In other words, a listing agreement is an employment contract between a client and a broker that spells out what the broker is responsible for ...

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.

At this point, your REALTOR will take the final steps necessary for selling your home, including the preparation and staging of your home before it's officially listed in the Multiple Listing Service (MLS) databases. This includes: Making an extra key for the lockbox. Arrange for the installation of the yard sign.

A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property.

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing. The listing agreement is an employment contract rather than a real estate contract: The broker is hired to represent the seller, but no property is transferred between the two.

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.

A listing agreement is a written document signed by all owners of real estate or their authorized attorney in fact authorizing a broker to offer or advertise real estate described in such document for sale or lease on specified terms for a defined period of time and is only valid if signed by all owners or their ...

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.

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Listing Agreement Document With Realtor In Fairfax