Listing Agreement Form For Condominium In Queens

Category:

Real Estate - Listing Agreements

State:

Multi-State

County:

Queens

Control #:

US-00056DR

Format:

Instant download

Description

The Listing Agreement Form for Condominium in Queens is a legally binding contract that facilitates the showing and sale of a condominium by allowing a realtor to represent the seller. This form specifies key details, including the address and legal description of the property, as well as the names of the seller(s) and buyer(s). It outlines the professional fee arrangement for the agent, which can be a flat dollar amount or a percentage of the sales price, payable at closing. The form also clarifies the agency relationship between the parties involved, providing options for representation, including single agent or transactional agent. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential in ensuring compliant and clear agreements between sellers and agents, helping to navigate the real estate process effectively. Users are advised to review the contract carefully, as it requires precise information about the transaction and the parties involved. Additionally, seeking legal counsel prior to signing is recommended if the terms are unclear.

Exclusive distribution example

View this form

A seller signs an open listing agreement with brokerage a

View this form

Agreement regarding listing for rental property

View this form

18 U.S.C. Sec. 1029(A)(5) FRAUDULENT TRANS...

View this form

A03 Writ of Summons of Defendant

View this form

New York Articles of Incorporation Certifi...

View this form

Revocation of Authorization To Use or Disc...

View this form

Form popularity

FAQ

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

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.

Can I write my own contract? Yes, you can write your own contract. However, including all necessary elements is crucial to make it legally binding.

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

Eight Listing Traps to Avoid Approach to Conflicts of Interest. Non-Disclosed Referral Fees. Lack of Specificity in the Listing Agreement. Unquantifiable Efforts. Long Listing Agreements. Seller Costs. Focus on Brokerage Rather Than Agent. Paying Out of Escrow.

To be legally enforceable, a listing agreement must satisfy four requirements. It must contain a property description, include a promise of compensation, specify a fixed figure for the compensation (either a percentage or a dollar amount), and be in writing and signed by the seller.

Every valid contract in California needs to have four essential elements. (1) The parties must be capable of contracting, (2) the parties must consent to the contract, (3) the contract must have a lawful object (they cannot be for illegal services), and (4) the contract must be supported by consideration.

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.

An exclusive right-to-sell listing is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.