Listing Agreement Form For Condominium In Maricopa

Category:

Real Estate - Listing Agreements

State:

Multi-State

County:

Maricopa

Control #:

US-00056DR

Format:

Instant download

Description

The Listing Agreement Form for Condominium in Maricopa is a legal document that facilitates the sale of a condominium property by outlining the responsibilities of the seller and the agent. Key features include the identification of the property, the involved parties, and the agreed-upon professional fees for the brokerage. This form allows sellers to authorize a real estate agent to show their condominium to potential buyers, making it an essential tool in real estate transactions. It emphasizes the importance of understanding agency relationships, with options for single agency or transactional representation, ensuring transparency for both the seller and buyer. Filling out this form requires the seller's and agent's signatures, along with the specification of the fee—or a percentage of the sale price—payable at closing. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this form by streamlining the sale process and ensuring compliance with legal requirements. It serves as a clear framework for negotiation and establishes accountability between parties involved in the transaction.

Exclusive distribution example

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FAQ

New Legal Requirements: As of August 17, 2024, signing this agreement is mandatory before viewing homes, and buyer's agent commissions must be negotiated upfront to sign. Benefits for Homebuyers: Provides clarity, access to resources, and legal protection during your homebuying journey.

“Listing agreement” means a written contract between a seller of real property or a business opportunity and a real estate broker by which the broker has been authorized to sell the real property or find or obtain a buyer, including rendering other services for which a real estate license is required to the seller ...

Listing agreements are usually cancelled only with the mutual consent of the involved parties.

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.

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.

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.