Listing Agreement For Land

State:
Multi-State
Control #:
US-00440BG
Format:
Word
Instant download

Description

The Listing Agreement for Land is a legal document that grants a broker or realtor the exclusive right to sell or exchange a specified property for a defined period. This form includes essential information such as the property's description, sales price, and terms of sale. It outlines the owner's responsibilities, including the provision of marketable title and compliance with any identified issues. The owner agrees to pay the broker a commission based on the sale price, which is due upon closing. Additionally, the agreement allows for the possibility of a commission even after termination, under certain conditions. General provisions emphasize the owner's cooperation with the broker and stipulate that any legal disputes will result in the awarding of attorney fees to the prevailing party. This form serves as a vital tool for attorneys, partners, owners, associates, paralegals, and legal assistants involved in the real estate market, facilitating clear communication and outlining duties for all parties.
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How to fill out Listing Agreement Granting A Broker Or Realtor The Exclusive Right To Sell Commercial Property Or Real Estate?

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FAQ

A listing agreement is an employment contract between a property owner and a real estate broker. It allows the broker to act as a listing agent and find a buyer for the property on the seller's terms. Basically, a listing agreement grants your real estate agent permission to find a buyer for your home.

If the seller is contemplating signing a listing with another broker, the seller will likely not agree to sign the amendment and this could lead to further discussions. If you determine that you wish to terminate the listing agreement, you can use Termination of Listing (TAR 1410).

A Texas listing agreement is a legal document that is executed by a property owner and a real estate broker wherein the broker is given the authority to sell or lease the owner's property for a commission.

Texas REALTORS® offers several listing agreements, the most common being the Residential Real Estate Listing Agreement, Exclusive Right to Sell (TXR 1101).

The listing agreement also specifies the listing price, broker's duties, seller's duties, broker's compensation, terms for mediation, an automatic termination date, and any additional terms and conditions.

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Listing Agreement For Land