Listing Agreement Form For Unimproved Property In Phoenix

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

Description

The Listing Agreement Form for Unimproved Property in Phoenix is a legal document that formalizes the arrangement between a seller and a real estate agent for the sale of unimproved property. This form requires sellers to provide details such as the property address and legal description. Key features include the agreement for a professional fee, which can be a fixed dollar amount or a percentage of the sales price, payable at closing. The form also clarifies the agency relationship between the agent and the buyer or seller, ensuring both parties understand their representation, such as single agent or transactional agent roles. It is crucial for the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, to understand the implications of this contract, as it binds the seller to specific obligations and sets parameters for the agent's compensation. Users should complete the form by accurately filling in all sections, particularly the financial and legal descriptions, while seeking legal counsel if any part of the agreement is unclear. This document is beneficial in offering a structured approach to facilitate property transactions in Phoenix, ensuring all parties are informed of their rights and responsibilities.

Form popularity

FAQ

New Legal Requirements: As of August 17, 2024, signing this agreement is mandatory before viewing homes, and buyer's agent commissions must be negotiated upfront to sign. Benefits for Homebuyers: Provides clarity, access to resources, and legal protection during your homebuying journey.

A contract must contain a benefit or detriment to the offering party and a benefit or detriment to the accepting party that the parties otherwise would not be entitled to demand or expect. A unilateral promise to do or not do something will not be binding unless both parties get or give up something.

New Legal Requirements: As of August 17, 2024, signing this agreement is mandatory before viewing homes, and buyer's agent commissions must be negotiated upfront to sign. Benefits for Homebuyers: Provides clarity, access to resources, and legal protection during your homebuying journey.

Listing agreements are usually cancelled only with the mutual consent of the involved parties.

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Listing Agreement Form For Unimproved Property In Phoenix