Listing Agreement Contract With Corporate Governance In Ohio

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 primarily in Ohio that outlines the relationship between sellers and their agents during a property sale. This agreement allows the seller to authorize a designated real estate agent to show their home to potential buyers. Key features include the stipulation of a professional fee that the seller agrees to pay the brokerage agent upon the sale's closure, with either a fixed dollar amount or a percentage of the selling price. Additionally, it defines the nature of the agency relationship between the agent and the parties involved, specifically whether the agent represents the buyer, the seller, acts as a transactional agent, or is a non-representing agent. For attorneys, paralegals, and legal assistants, this form serves as a critical tool for ensuring that transactions comply with Ohio's real estate laws and regulations. It helps clarify roles and responsibilities, reducing the risk of disputes. Owners and partners can use this form to formalize their agreement with agents while ensuring transparency in fees and relationships. For associates, having a comprehensive understanding of this document enhances their support capabilities when assisting in property transactions.

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.

Section 4735.16 | Sign on business premises; advertising. (A) Every real estate broker licensed under this chapter shall erect or maintain a sign on the business premises plainly stating that the licensee is a real estate broker.

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 ...

Section 4735.13 | Definite place of business required; display and care of licenses. (A) Every real estate broker licensed under this chapter shall have and maintain a definite place of business in this state. A post office box address is not a definite place of business for purposes of this section.

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

Listing Agreement Contract With Corporate Governance In Ohio