Listing Agreement Document For Unimproved Property In Los Angeles

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

Description

The Listing Agreement Document for Unimproved Property in Los Angeles is a legally binding contract that facilitates the selling process between Sellers and potential Buyers through a designated Agent. This form specifies the property's address and legal description, allowing Sellers to authorize the Agent to show the property to prospective Buyers. When a sale occurs, the Seller agrees to compensate the Agent with a professional fee expressed either as a fixed dollar amount or a percentage of the sales price, payable at closing. The agreement also outlines the agency relationship, which could include scenarios where the Agent represents the Buyer, the Seller, or acts as a non-representing agent. This document is crucial for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants as it provides a clear framework for representing clients in real estate transactions. It is important for users to fill out the form accurately, in a clear and straightforward manner, ensuring all parties are aware of their roles and responsibilities. The Listing Agreement is particularly useful for real estate professionals looking to streamline the showing process while maintaining legal compliance.

Form popularity

FAQ

Leases, whether for residential or commercial uses, are a specific type of contract that grants a right to use and possess real estate for a specific use for a limited time period. Leases are contracts, contractual obligations, between landlords and tenants that set the terms upon which the parties share the property.

Types of Listing Agreements Exclusive Right to Sell Listing. As the most commonly used listing agreement, the Exclusive Right to Sell Listing's name pretty much says it all. Open Listing. An Open Listing Agreement is the exact opposite of an Exclusive Right to Sell Listing Agreement. Exclusive Agency Listing.

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.

An exclusive right-to-sell listing is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.

The most predominant listing agreement in California is the Exclusive Right to Sell Agreement. This agreement entitles the listing agent to a commission regardless of who finds the buyer, granting them exclusive marketing rights for the home. Other types of agreements exist but are less common.

An exclusive right-to-sell listing is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.

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

Trusted and secure by over 3 million people of the world’s leading companies

Listing Agreement Document For Unimproved Property In Los Angeles