Listing Agreement Document With Corporate Governance In Philadelphia

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

Description

The Listing Agreement Document with Corporate Governance in Philadelphia serves as a legally binding contract between sellers and realtors, allowing for the showing of property to potential buyers. It outlines the obligations of the seller to compensate the agent involved upon the sale of the property, specifying either a professional fee or a percentage of the sale price. This form is essential for ensuring clear communication regarding agency relationships, including single agency and transactional agency roles, which helps protect both parties involved. Users should complete the document accurately, filling in necessary details such as the legal address and names of the sellers and buyers. It's recommended that individuals seek legal advice if any terms are unclear. The document is particularly useful for real estate professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies responsibilities and expectations. By using this agreement, users can mitigate potential misunderstandings and legal complications arising from the property sale process. Overall, the Listing Agreement Document fosters transparency and compliance with local real estate regulations.

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FAQ

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 ...

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

A listing agreement is a personal service contract. That means that should the principal broker or the seller die, or either party becomes incapacitated or the property is physically destroyed, such as by a fire or a natural disaster, the listing agreement is terminated.

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) 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.

A "listing agreement" is a contract between a real estate agent or broker (the industry professional who will be listing the property for sale) and a home seller.

A listing agreement is a legally binding contract between you — the homeowner — and the real estate broker (and agent) you hire to sell your property. It's a contract that outlines the realtor-seller relationship during a real estate transaction.

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.

Although a document must be signed by each party to be considered legally binding, the mere presence of signatures does not guarantee that an agreement is enforceable in court. To be considered a legally binding contract or document, three critical elements must also be present: Subject, Consideration, and Capacity.

A "listing agreement" is a contract between a real estate agent or broker (the industry professional who will be listing the property for sale) and a home seller.

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Listing Agreement Document With Corporate Governance In Philadelphia