Listing Agreement Document For Unimproved Property In New York

• Category: Real Estate - Listing Agreements
• State: Multi-State
• Control #: US-00056DR
• Format: Word; Rich Text

Description

The Listing Agreement Document for Unimproved Property in New York is a legal contract enabling sellers to allow a realtor or brokerage to show their property to prospective buyers. Key features of this form include the identification of the seller, buyer, and property details, along with the agent's representation type and commission structure, typically defined as a flat fee or percentage of the sale price. It is essential for sellers to understand the agency relationship terms outlined by the agent, which can include options like single agent representation or transactional agency. The form also requires signatures from both sellers and the agent, marking the agreement of terms and obligations. Filling the form correctly involves inputting specific information about the parties involved, the property, and the payment structure clearly and accurately. For attorneys, paralegals, and legal assistants, this document serves as a straightforward tool for managing real estate transactions involving unimproved properties. It is beneficial for real estate partners and associates, as it clarifies roles, responsibilities, and commission rights, helping ensure smooth negotiations and compliance with New York real estate laws.