Listing Agreement Document With Multiple Agents In Phoenix

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

Description

The Listing Agreement Document with Multiple Agents in Phoenix is a crucial legal form that establishes the terms under which a property owner (Seller) permits a real estate agent (Agent) to show their property to potential buyers. This document details the responsibilities of both parties, including the fee structure, which can be a flat fee or a percentage of the sale price, payable upon closing. It explicitly states the type of agency relationship in place, ensuring both the Buyer and Seller understand the level of representation they receive—be it a single agent for the Buyer, a single agent for the Seller, or a transactional/non-representing agent. This form serves as an important tool for professionals in the real estate sector, including attorneys, partners, owners, associates, paralegals, and legal assistants, who need clarity on legal relationships and obligations in property transactions. For maximum engagement, it is advisable for users to carefully fill out the property details and names of the parties involved, ensuring accurate representation of the transaction. This form also acts as a protective measure for agents, clearly defining their role and compensation, thus fostering transparency in real estate dealings in Phoenix.

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FAQ

Yes. Licensees are encouraged to subscribe to all the MLSs of their principal broker where they benefit from receiving access to information and services, including current listing information, sold data, lockboxes service, and more.

Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.

Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a real estate agent with Reliantra in West Toluca Lake, CA. “You can use as many as you wish, unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.

Despite that, real estate agents can hold a license in multiple states. Real estate agents that hold multiple licenses are frequently seen working in states that share close borders. This allows them the opportunity to sell properties in other states freely.

An agent with multiple offers on a listing should take time to strategize with the seller about options for proceeding, and review the pros and cons associated with each option. The listing agent then must follow the seller's lawful instructions for the handling of the multiple offers.

Multiple Listing Service (MLS): What Is It An MLS is a powerful tool to further cooperative agreements between brokers for the sale of their listings and provide information necessary to permit such cooperation.

Most MLSs are owned by the REALTOR® association that formed them. They may be owned by multiple associations in a regional MLS.

Multiple Listing Service (MLS): What Is It An MLS is a powerful tool to further cooperative agreements between brokers for the sale of their listings and provide information necessary to permit such cooperation.

Privacy Concerns: The seller may want to keep the sale private, limiting exposure to only interested buyers rather than the general public. Seller's Request: Sometimes, sellers specifically request not to list on the MLS for personal or strategic reasons, such as wanting to sell discreetly.

Finally, there are situations in which a seller truly signs two contracts, attempting to hedge his or her bets and ensure that a deal is made. This is not generally appropriate and can wind up in litigation. In many cases, nothing bad will happen. One buyer backs out, and the second buys.

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Listing Agreement Document With Multiple Agents In Phoenix