One Time Showing Form For Real Estate In Texas

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

Description

The One Time Showing Form for real estate in Texas is a legally binding document that allows a seller to authorize a real estate agent to show their property to a potential buyer on a one-time basis. This form includes critical sections like the property address, legal description, seller and buyer information, and the commission or professional fee details, which can be a flat fee or a percentage of the sales price payable at closing. It is essential for the seller to fully understand the document and its implications, and they are encouraged to seek legal advice if needed. The form also details the agent's agency relationship, whether acting as a single agent for the buyer, the seller, a transactional agent, or a non-representing agent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions in Texas, as it clarifies the showing terms and conditions, protecting both parties. Filling the form requires accuracy in providing the property details and understanding the financial obligations tied to the agreement. Editing may be necessary for specific details related to the buyer or seller, ensuring that all parties are clearly identified before the showing takes place.

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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.

time showing agreement is an agreement between the buyer's agent and the seller. The agreement is subject to the showing of property to potential buyers and, if someone buys the property, the buyer's agent gets the commission.

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.

The requirement that all listing agreements have a definite expiration date is typically the responsibility of state real estate licensing laws and regulations. Each state has its own laws and regulations governing real estate transactions, including listing agreements between sellers and real estate agents.

Even if a written contract is not required, it is always a good idea to have a written agreement. A written agreement does not have to be a formal or complex contract, and it can be handwritten. It must contain the terms of the agreement and be signed by both parties.

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

In Texas, while buyers and sellers can draft their own real estate contract forms, it is highly advisable to seek professional assistance from legal experts, the Texas Real Estate Commission (TREC), or real estate professionals to ensure the document adheres to the intricacies of state laws and provides comprehensive ...

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.

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.

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One Time Showing Form For Real Estate In Texas