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Listing Agreement Granting a Broker or Realtor the Exclusive Right to...

Listing Agreement For Unimproved Property

Q: What is the most commonly used listing agreement in Texas?

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

Category:

Real Estate - Brokers

State:

Multi-State

Control #:

US-00440BG

Format:

Instant download

Description

The Listing Agreement for Unimproved Property is a legal form that empowers a broker or realtor with the exclusive right to sell or exchange real property owned by an individual or entity. This agreement outlines the terms of sale, including the listing price and provisions for title evidence and compensation to the broker. Key features include the description of the property, warranty deed requirements, and conditions for compensation based on agreed terms. Owners must specify a sales commission percentage, which will be applicable even if the property sells outside the initial terms, within a designated registration period. This form is particularly useful for attorneys, partners, and owners managing property sales, as it clarifies the roles of brokers and owners, while ensuring a structured process for real estate transactions. Legal assistants and paralegals can also benefit from understanding this agreement for drafting and compliance purposes, providing support for any negotiations or litigation related to property sales.

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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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Form popularity

FAQ

Unimproved Property Contract (Form ID: 9-15) 09/01/2021. Description: 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).

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

By definition unimproved or raw land does not have added improvements. If you are planning to build, you'll need to budget for a septic system or sewer hookup and utility connections. Plus, you'll owe annual property taxes even if the land isn't improved. When considering a purchase of any land, do your homework.

A contract for deed in Texas is a contract between a seller and a purchaser whereby the owner of property or land retains the title or deed until the purchaser finishes making the installments of the agreed-upon purchase price.