Listing Agreement Form For Condominium In Wake

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

Description

The Listing Agreement Form for Condominium in Wake serves as a legally binding contract, facilitating the relationship between sellers and real estate agents when selling a condominium. Key features of the form include the identification of the parties involved — the sellers and the buyer — as well as the details about the property being sold, such as its address and legal description. It outlines the professional fee structure that the seller agrees to pay the agent upon the sale's closing, whether as a fixed amount or a percentage of the sales price. This form also establishes the agency relationship, providing clarity on whether the agent represents the buyer, seller, or acts as a transactional agent. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form essential for ensuring compliance with legal standards while protecting their interests during real estate transactions. Filling in the form requires attention to detail, as accurate property descriptions and fee agreements are pivotal. Additionally, the form can be edited to match specific sale details and preferences, making it versatile for various transactions. Overall, this form streamlines the process of selling a condominium while providing necessary legal safeguards.

Form popularity

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.

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.

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

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

The description of the condominium units and the common areas and any restrictions on their use are established in a founding document, which may variously be called a "Master Deed", "Enabling Declaration", "Declaration of Conditions", "Conditions, Covenants, and Restrictions (CC&Rs)", "Deed of Mutual Covenant" or ...

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Listing Agreement Form For Condominium In Wake