Listing Agreement Document Format In North Carolina

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

Description

The Listing Agreement Document Format in North Carolina is designed to facilitate real estate transactions between sellers and agents. This legally binding contract allows the Seller to authorize the Agent of Brokerage to show their property to potential Buyers. Key features include the identification of the parties involved, the property address, and the legal description of the property being sold. The Seller must specify the professional fee, either as a fixed amount or a percentage of the sale price, payable at closing. Additionally, the document outlines the agency relationship between the Agent and the parties, which could be a Single Agent representing either the Buyer or Seller, a Transactional Agent, or a Non-Representing Agent. It is crucial for users to seek legal advice if they do not fully understand the terms of the agreement. This form is particularly useful for Attorneys, Partners, Owners, Associates, Paralegals, and Legal Assistants who assist in real estate transactions, as it provides a clear structure for documenting agreements and obligations between Sellers and Agents. Properly filling out this form ensures compliance with real estate regulations and helps to mitigate potential disputes during the selling process.