Listing Agreement Contract With Agent In New York

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

Description

The One Time Listing and Showing Agreement is a legally binding contract utilized in New York for real estate transactions. It establishes a relationship between the seller and a realtor, allowing the realtor to show the property to potential buyers. Key features of the agreement include the identification of the property, the seller's consent to pay the realtor a professional fee based on a specified amount or percentage of the sales price, payable at closing. Users must clearly fill in the necessary fields, including property details and names of all parties involved. The form also outlines the agency relationship between the realtor and the buyer or seller, providing clarity on whether the realtor acts as a single agent, transactional agent, or non-representing agent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants by formalizing the agreements and responsibilities within real estate transactions, ensuring compliance with state laws, and protecting the interests of all parties involved.

Form popularity

FAQ

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 ...

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.

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.

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 ...

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 ...

While a real estate agent is able to complete these documents by filling-in blanks on the preprinted forms, they absolutely cannot draft real estate contracts or other documents, including leases and amendments.

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.

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

Listing Agreement Contract With Agent In New York