Listing Agreement Contract For Unimproved Property In Wayne

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

Description

The Listing Agreement Contract for Unimproved Property in Wayne is a crucial document for individuals involved in real estate transactions concerning vacant land. This form establishes a legally binding agreement between the seller and the real estate agent, detailing the agent's authority to show the property to potential buyers. Key features include the identification of the parties involved, the legal description of the property, and the professional fee structure that the seller agrees to pay upon sale completion. Users must fill in specific details, such as the property address and the fee amount or percentage. This form is particularly useful for attorneys, partners, and real estate professionals as it outlines the responsibilities of the agent and the seller while ensuring clear communication about agency relationships. By using this form, legal professionals can protect their clients' interests, negotiate effectively, and ensure compliance with local regulations. Paralegals and legal assistants will benefit from understanding this agreement as they often assist in preparing and reviewing such documents to facilitate smooth transactions.

Form popularity

FAQ

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

Unimproved property means property upon which no residential, commercial, or other building has been built.

Unimproved Property Contract (Form ID: 9-16): This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).

Unimproved Property Contract (Form ID: 9-16): This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description). It is not for use for condominium transactions.

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.

An addendum containing the notice promulgated by TREC or required by the parties must be used.

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Listing Agreement Contract For Unimproved Property In Wayne