Listing Agreement Document For Unimproved Property In San Jose

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

Description

The Listing Agreement Document for Unimproved Property in San Jose is a legally binding contract designed for real estate transactions involving unimproved land. This agreement allows sellers to authorize a realtor to show their property to potential buyers. Key features include the identification of the property, seller, and buyer details, as well as specifying the professional fee to be paid to the realtor upon closing. Users must fill in the property address, legal description, the agent's name, and the agreed-upon fee structure. It is crucial to understand the agency relationship disclosed within the document, including options for representing the buyer, the seller, or acting as a transactional agent. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate transactions, ensuring compliance with local laws. By utilizing this document, stakeholders can streamline the showing process and establish clear expectations regarding compensation and agency roles. Overall, this form serves as a vital tool to protect the interests of all parties involved in the sale of unimproved property.

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FAQ

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

Leases, whether for residential or commercial uses, are a specific type of contract that grants a right to use and possess real estate for a specific use for a limited time period. Leases are contracts, contractual obligations, between landlords and tenants that set the terms upon which the parties share the property.

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.

A listing agreement is an example of an agency relationship that is created by express agency. In this context, express agency arises when the principal explicitly states their intention to create an agency relationship with the agent through a written or verbal 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.

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.

Though notarization is not required, it may still be a good idea to have a notary present in order to verify the identities of all signers.

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Listing Agreement Document For Unimproved Property In San Jose