One Time Showing Agreement Form For Real Estate In Wake

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

Description

The One Time Showing Agreement form for real estate in Wake is a legally binding contract designed to facilitate the showing of a property by a real estate agent to prospective buyers. This agreement specifies the address and legal description of the property being sold, as well as the involved parties, including the seller and buyer. Key features of the form include the agreement of the seller to allow the real estate agent to show the property and the stipulation of a professional fee to be paid to the agent upon closing, which can be a set amount or a percentage of the sales price. Users are advised to seek legal advice if they do not fully understand the document's terms. The form identifies the agency relationship, clarifying whether the agent is representing the buyer, seller, or acting as a transactional agent. This agreement is particularly useful for attorneys, partners, and owners looking to formalize their real estate transactions, as well as associates, paralegals, and legal assistants who are involved in the management and organization of real estate procedures. By completing this form, all parties involved understand their roles and obligations, ensuring a smoother transaction process.

Form popularity

FAQ

One-time showing agreements contain several crucial elements to protect both the seller and the agent. These components include: Property Details: A clear description of the property being shown. Duration of Agreement: Specifies the time frame in which the showing can occur.

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

One time showing agreements offer an opportunity for your agent to show a home not currently listed with the board members MLS, and contractually may compensate the agent for his or her efforts.

An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.

Make Sure Both Parties Sign the Contract There is absolutely no better way of proving that a party intended to be bound by a contract then by whipping it out and displaying their signature on the document.

The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.

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One Time Showing Agreement Form For Real Estate In Wake