One Time Showing Agreement With Broker In Philadelphia

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

Description

The One Time Showing Agreement with Broker in Philadelphia is a legally binding contract that facilitates the sale of property by defining the roles and responsibilities of the seller and the broker. This form allows the seller to permit the broker to show their property to potential buyers and outlines the fee structure for the broker's services. Specifically, it requires the seller to agree to pay a specified commission to the broker upon the conclusion of a sale. The agreement provides clarity on the agency relationship, ensuring that both parties understand whether the broker is representing the seller, the buyer, or acting as a neutral party. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it helps establish professional expectations and legal protections. For effective use, users should ensure all names and property details are accurately filled, and they are encouraged to seek legal advice if any terms are unclear. The document should be kept on file for future reference and to verify the agreement details during potential disputes.

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FAQ

2. Exclusive right to sell listing agreement. An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.

A “one-time show” is similar to an open listing in many respects, as it is most often used by real estate agents who are showing a FSBO (for sale by owner) to one of their clients.

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

Off contract lasts “until completion of the obligations of the parties”. A deadline (i.e. a given date, not a month) will be clearly stipulated for the delivery of each deliverable.

When signing a contract with a realtor to buy, you'll come across a buyer-broker agreement. This is a contract between you (the buyer) and a real estate agent (the broker) who will act on your behalf to help you find the perfect home.

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One Time Showing Agreement With Broker In Philadelphia