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.
One Time Showing Agreement Form In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Off contract lasts “until completion of the obligations of the parties”. A deadline (i.e. a given date, not a month) will be clearly stipulated for the delivery of each deliverable.
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.
A “one-time show” is similar to an open listing in many respects, as it is most often used by real estate agents who are showing a FSBO (for sale by owner) to one of their clients.
The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
If a client terminates a listing agreement early, they may owe a commission depending on the work done by the agent and the agreement's terms. The listing is cancelled, but contractual obligations may still apply.
If an agent fails to give a property owner a copy of an exclusive listing at the time it was signed, this would result in the agent violating their fiduciary duty.
Explanation: Failure to include a termination date in an exclusive listing agreement is a violation of the Real Estate Law, so the broker could be subject to disciplinary action.
A seller may legally terminate an exclusive right to sell agreement before its listing term has passed if they find a more lucrative offer, decide not to sell the property, the buyer breaches the terms of the agreement, or the property market experiences a downturn.
First off, without a defined expiration date, you didn't have a ratified listing agreement. Second, in California, as of 2024, you cannot have a listing agreement term for longer than 24 months, and if you essentially had an indefinite listing agreement, this would be unlawful.
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.
