This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Listing Agreement Form With Multiple Agents In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
What Is an Exclusive Listing? An exclusive listing is a method of selling real estate property by working directly with just one real estate agent. Instead of publicly listing your home for sale, you agree to let a single real estate agent attempt to find buyers and manage the sale process.
An open listing allows the seller to work with multiple agents, while a net listing gives the agent the exclusive right to sell the property.
An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.
Typical time frames for agreements range from three to six months, though they can be shorter or longer. Many include a renewal clause, which provides an option to extend the listing period if both parties agree.
In California, agents must be affiliated with only one broker at a time. To work for more than one brokerage, agents can attain a broker's license and present a copy to the firm.
Joint agents Joint agency agreements mean that you'll have two, rather than one, agents working to sell your property, but no more than that. Both of the agents in question must agree to this, and the decision over who gets the commission once the property is sold will also be made before the agreement is drawn up.
It's normal to work with multiple realtors in the initial stages for a short time to see who you like. You need to tell them upfront, as they will eventually find out anyway and quickly loose interest. Their job is to ensure you get the best deal, represent you during the transaction and ensure it goes smoothly.
Can two Realtors list the same property? The answer is, possibly. Two Realtors can agree to co-list a property together. However, if a seller wants to hire two different agents from two different brokerages the answer could be no, but it ultimately depends on the listing agreements.
The short answer is yes: You can work with multiple real estate agents—under certain circumstances. Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA.
