Listing Agreement Document With Realtor In Philadelphia

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

Description

The Listing Agreement Document with Realtor in Philadelphia is a legally binding contract that facilitates the showing and potential sale of a property. This form is utilized when a seller agrees to allow a realtor to show their home to designated buyers. It outlines key terms, including a professional fee to be paid to the realtor upon the sale of the property, either as a specific dollar amount or as a percentage of the sales price payable at closing. The document clarifies the agency relationship, detailing whether the realtor acts as a single agent for the buyer, seller, a transactional agent, or a non-representing agent. Users are strongly advised to seek legal advice if the terms of the agreement are not understood. This form is particularly useful for attorneys, partners, and owners who need to formalize property transactions. Paralegals and legal assistants can assist in the filling and editing process, ensuring accuracy and compliance with legal standards. Overall, the Listing Agreement serves as a crucial tool in the real estate process, promoting clear communication and protecting the interests of all parties involved.

Form popularity

FAQ

The duration of an Exclusive Right to Sell agreement can vary and is typically negotiable between the seller and the real estate agent or broker. However, the most common length of such agreements is around 90 to 180 days (3 to 6 months).

An exclusive listing agreement is an example of a/an express contract. This type of contract explicitly states the terms and conditions and is agreed upon by the parties involved. Express contracts can be either written or verbal.

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.

At this point, your REALTOR will take the final steps necessary for selling your home, including the preparation and staging of your home before it's officially listed in the Multiple Listing Service (MLS) databases. This includes: Making an extra key for the lockbox. Arrange for the installation of the yard sign.

A listing agreement is a type of real estate contract in which a property owner gives a real estate agent or broker the authority to find a buyer for their property. If you decide to sell your home using a realtor, you will likely be asked to sign a listing agreement.

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 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 most predominant listing agreement in California is the Exclusive Right to Sell Agreement.

There are four common types of listings: open listings, exclusive right-to-sell listings, exclusive agency listings, and net listings.

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

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Listing Agreement Document With Realtor In Philadelphia