Listing Agreement Document Without Comments In North Carolina
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FAQ
Final answer: The component that is not required in most listing agreements is the naming of an escrow company. Most listing agreements typically include identification of the property, compensation details and signatures, although the escrow company is usually determined later in the selling process.
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.
Every valid contract in California needs to have four essential elements. (1) The parties must be capable of contracting, (2) the parties must consent to the contract, (3) the contract must have a lawful object (they cannot be for illegal services), and (4) the contract must be supported by consideration.
The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.
The discovery and disclosure of material facts is a mandatory disclosure under N.C.G.S. §93A-6(a)(1). If the broker obeys the seller and does not disclose the leaking roof, they may be in violation of the statute.
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 ...
