Listing Agreement Document With Corporate Governance In Phoenix

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

Description

The Listing Agreement Document with Corporate Governance in Phoenix is a legal contract that outlines the relationship between sellers and their real estate agent during a property sale. This form establishes the agent's authority to show the property to potential buyers and details the fees associated with the sale, either as a fixed amount or a percentage of the sales price. It is crucial for sellers to understand the implications of this agreement, including the agency relationship—single agent, transactional agent, or non-representing agent—thus ensuring clarity on who represents whom in the transaction. Proper completion of this form requires careful attention to input the property details, seller's and buyer's names, and agent information accurately. The form also emphasizes the need for disclosures regarding agency relationships, which helps protect both parties' interests. Attorneys, partners, and legal teams can use this agreement to facilitate real estate transactions, ensuring compliance with regulatory requirements in Phoenix. This document serves as an essential tool for real estate professionals, helping them secure their commissions while providing clear expectations for all parties involved.

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FAQ

The principal parties to the contract are the listing broker and the client. The client may be buyer, seller, landlord or tenant in the proposed transaction. Legally, the broker is the client's agent. The principal party on the other side of the transaction is a customer or a potential customer, called a prospect.

There are at least two parties to a contract, a promisor, and a promisee. A promisee is a party to which a promise is made and a promisor is a party which performs the promise. Three sections of the Indian Contract Act, 1872 define who performs a contract – Section 40, 41, and 42.

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. It primarily says that the agent has the right to list (advertise and handle the sale of) the house.

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.

A listing agreement is between the parties that own a property and the agents or brokers who will find a buyer for it. Typically, a real estate listing agreement involves the property owner and a real estate agent. The property owner, or seller, grants the agent the right to market and sell the property.

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Listing Agreement Document With Corporate Governance In Phoenix