Listing Agreement Form With Corporate Governance In Maricopa

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

Description

The Listing Agreement Form with Corporate Governance in Maricopa is a legally binding contract that facilitates the sale of residential real estate by formalizing the relationship between sellers and their designated real estate agents. This form allows sellers to grant a specific realtor the authority to show their property to prospective buyers, detailing the agreed-upon commission structure, which can be a flat fee or a percentage of the sales price, payable at closing. Key features include clearly defined roles for the agent, such as 'Single Agent' or 'Transactional Agent,' and it requires acknowledgment of the agency relationship by both buyers and sellers. Filling out this form involves providing the property address, legal description, and signatures from all parties involved. Legal professionals like attorneys, partners, and associates will find it useful when advising clients on property transactions. Paralegals and legal assistants can use this form to ensure compliance with real estate laws and streamline the transaction process for their clients. Overall, this form serves as an essential tool for facilitating clear communication and agreement between sellers and agents, promoting smoother property sales in Maricopa.

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FAQ

The principal parties to the contract are the listing broker and the client. The client may be buyer, seller, landlord or tenant in the proposed transaction. Legally, the broker is the client's agent. The principal party on the other side of the transaction is a customer or a potential customer, called a prospect.

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

A "listing agreement" is a contract between a real estate agent or broker (the industry professional who will be listing the property for sale) and a home seller. It primarily says that the agent has the right to list (advertise and handle the sale of) the house.

There are at least two parties to a contract, a promisor, and a promisee. A promisee is a party to which a promise is made and a promisor is a party which performs the promise. Three sections of the Indian Contract Act, 1872 define who performs a contract – Section 40, 41, and 42.

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.

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Listing Agreement Form With Corporate Governance In Maricopa