A listing agreement is “a legally binding contract that creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction.” In other words, a listing agreement is an employment contract between a client and a broker that spells out what the broker is responsible for ...
The answer is the age of the seller. Information needed for the listing agreement includes lot size, possibility of seller financing, and the property taxes. The age of the seller is not needed.
A listing agreement is a written document signed by all owners of real estate or their authorized attorney in fact authorizing a broker to offer or advertise real estate described in such document for sale or lease on specified terms for a defined period of time and is only valid if signed by all owners or their ...
Also known as a tail period. A negotiated time period following the expiration or earlier termination of a brokerage agreement during which a real estate broker may earn commission on the sale or lease of real property.
Listing agreements often include clauses regarding confidentiality, emphasizing that sensitive information about your property or personal circumstances should be handled discreetly.
A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.