Listing Agreement Contract Format In Hillsborough

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

Description

The Listing Agreement Contract Format in Hillsborough serves as a legally binding document that establishes the terms between sellers and their chosen real estate agent. This agreement allows the agent to show the property to potential buyers and stipulates the professional fee to be paid to the agent upon the sale of the property. Key features of this form include specifying the legal description of the property, the names of the seller(s) and buyer(s), and outlining the agency relationship between the parties involved. It is crucial for users to fill out the document accurately to prevent misunderstandings. Editing instructions emphasize the importance of ensuring that all parties review and comprehend the agreement before signing it. Attorneys, partners, and owners can utilize this form to formalize the sales process while protecting their interests. Similarly, paralegals and legal assistants may assist in reviewing the agreement to ensure compliance with local laws. This form is particularly beneficial for those engaged in real estate transactions in Hillsborough, providing clear guidelines and facilitating smoother communications.

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FAQ

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

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.

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. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

Explanation: A written listing agreement between a seller and a broker is an example of a bilateral contract. A bilateral contract is a type of contract where both parties make promises to each other. In this case, the seller promises to sell the property and the broker promises to find a buyer.

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Listing Agreement Contract Format In Hillsborough