Listing Agreement Contract Format In Philadelphia

State:
Multi-State
County:
Philadelphia
Control #:
US-00056DR
Format:
Word; 
Rich Text
Instant download

Description

The One Time Listing and Showing Agreement is a legally binding contract specifically formatted for the Philadelphia real estate market. This document enables sellers to authorize a designated realtor to show their property to potential buyers. Key features include clear identification of the seller, buyer(s), and realtor, along with stipulations regarding the professional fee, which can be expressed as a fixed dollar amount or a percentage of the sales price. Parties involved must acknowledge their understanding of the agency relationship, which can be categorized as either a single agent for buyers or sellers, a transactional agent, or a non-representing agent. This form is particularly useful for attorneys, partners, property owners, associates, paralegals, and legal assistants, as it provides a clear framework to facilitate property transactions while ensuring compliance with legal requirements. Filling and editing instructions emphasize the need for clarity and accuracy, encouraging users to type or print names accurately and ensure that all necessary disclosures are completed. Overall, this agreement serves as an essential tool for real estate professionals navigating property sales in Philadelphia.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

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Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

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Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

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FAQ

Writing your own contracts is perfectly possible, and legal. But it's also an incredibly bad idea. There's two reasons for this: Property law is complicated. Because it's such a fundamental part of legislation, it's often lots and lots of different laws layered on top of each other.

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing. The listing agreement is an employment contract rather than a real estate contract: The broker is hired to represent the seller, but no property is transferred between the two.

A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

(a) An agreement of sale, other than for a cemetery lot, mausoleum or cremation space or opening, shall contain: (1) The date of the agreement. (2) The names of the buyer and seller. (3) A description of the property and the interest to be conveyed.

Though notarization is not required, it may still be a good idea to have a notary present in order to verify the identities of all signers.

A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property.

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

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Listing Agreement Contract Format In Philadelphia