What happens after a listing agreement is signed?

At this point, your REALTOR will take the final steps necessary for selling your home, including the preparation and staging of your home before it's officially listed in the Multiple Listing Service (MLS) databases. This includes: Making an extra key for the lockbox. Arrange for the installation of the yard sign.

US Legal Forms
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Agreements - Agreement Forms
Multi-State
One Time Listing and Showing Agreement

Listing Agreement Form For Condominium In Virginia

Category:

Real Estate - Listing Agreements

State:

Multi-State

Control #:

US-00056DR

Format:

Instant download

Description

The Listing Agreement Form for Condominium in Virginia is a crucial legal document used to facilitate real estate transactions involving the sale of a condominium. This form outlines the agreement between the seller and the real estate agent regarding the listing and showing of the property. Key features include specifying the property address, the legal description, and the agreed-upon professional fee, which can be a fixed amount or a percentage of the sales price. Additionally, the form addresses the agency relationship, clarifying whether the agent represents the buyer, the seller, or neither. For filling and editing, users must complete all sections accurately, ensuring that all names, dates, and fees are clearly stated. This form is particularly useful for attorneys, partners, and legal assistants involved in real estate practices, as it ensures compliance with Virginia laws and protects the interests of all parties involved. Owners benefit from a clear understanding of their obligations and rights, while paralegals and associates can efficiently prepare this document to streamline transactions. Overall, this form is essential for legally binding agreements in the sale of condominium properties.

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FAQ

A listing agreement is “a legally binding contract that creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction.” In other words, a listing agreement is an employment contract between a client and a broker that spells out what the broker is responsible for ...

The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing. The listing agreement is an employment contract rather than a real estate contract: The broker is hired to represent the seller, but no property is transferred between the two.

A listing agreement is a written document signed by all owners of real estate or their authorized attorney in fact authorizing a broker to offer or advertise real estate described in such document for sale or lease on specified terms for a defined period of time and is only valid if signed by all owners or their ...

At this point, your REALTOR will take the final steps necessary for selling your home, including the preparation and staging of your home before it's officially listed in the Multiple Listing Service (MLS) databases. This includes: Making an extra key for the lockbox. Arrange for the installation of the yard sign.

A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property.

Both involve the meeting of minds and exchange of promises, but a contract typically entails a more formalized arrangement, often documented in writing, and carries legal enforceability. Conversely, an agreement can be informal and may not always be legally binding.

“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 ...