Listing Agreement Form For Condominium In Utah

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

Description

The Listing Agreement Form for Condominium in Utah is a critical legal document that establishes a relationship between sellers and real estate agents. This contract allows the agent designated by the seller to represent them in showing their condominium to potential buyers. It outlines the obligations of both parties, specifying the professional fee to be paid to the agent, either as a flat amount or a percentage of the sales price, which is due at closing. The form also addresses the type of agency relationship, which can range from representing the buyer to serving as a transactional agent or non-representing agent. For attorneys, partners, and legal assistants, understanding this agreement is crucial for advising clients on real estate transactions, ensuring compliance with regional laws, and protecting their interests. Owners will find this form necessary for navigating the sale of their condominium effectively, while associates and paralegals can assist in preparing and reviewing these contracts to bolster case readiness. By utilizing this form, all parties can maintain clear expectations and legal protections throughout the selling process.

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FAQ

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.

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.

The most predominant listing agreement in California is the Exclusive Right to Sell Agreement.

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.

“Listing agreement” means a written contract between a seller of real property or a business opportunity and a real estate broker by which the broker has been authorized to sell the real property or find or obtain a buyer, including rendering other services for which a real estate license is required to the seller ...

There are four common types of listings: open listings, exclusive right-to-sell listings, exclusive agency listings, and net listings.

What Is Co-Listing? Co-listing is when two real estate agents work together to serve a home seller in a single transaction. The two agents will share responsibility for marketing the property, arranging showings, and getting the house from contract to close. The agents will also split the commission.

“Listing agreement” means a written contract between a seller of real property or a business opportunity and a real estate broker by which the broker has been authorized to sell the real property or find or obtain a buyer, including rendering other services for which a real estate license is required to the seller ...

A buyer representation agreement is a contract between a real estate agent and the buyer to form an exclusive representation relationship. The contracted agent acts as the buyer's agent in the real estate transaction. The buyer gets the agent's expertise in locating a property and real estate negotiations.

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 Form For Condominium In Utah