Listing Agreement Form In Virginia

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

Description

The Listing Agreement Form in Virginia is a vital legal document that grants a broker or real estate company the exclusive right to sell or exchange a property. This form begins by outlining the details of the property and establishing a sales price, while specifying the rights and obligations of both the owner and the broker. It includes important terms, such as the compensation structure for the broker, which is typically a percentage of the sales price. The agreement also stipulates conditions regarding the evidence of title and requirements for the owner to resolve any defects in the title before sale. Importantly, the owner retains the right to reject offers under specified conditions. For legal professionals including attorneys, partners, and paralegals, this form provides clear guidelines on managing property sales and broker negotiations effectively. Legal assistants may use the form to ensure all critical terms are covered in transactions, serving as a reference for their clients and enabling smooth execution of property sales. The form helps streamline the real estate process, ensuring compliance with Virginia regulations while protecting both owners and brokers.
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  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate
  • Preview Listing Agreement Granting a Broker or Realtor the Exclusive Right to Sell Commercial Property or Real Estate

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FAQ

Exclusive Rights-to-Sell Listing Selling your home under an exclusive rights-to-sell listing is the most common option. This gives the real estate agent the exclusive rights to market your home and list it on MLS. They will receive the full commission as long the home is sold within the designated timeframe.

Known under a variety of names, a common element of these product listing agreements (PLAs) is the negotiation of confidential prices that are typically achieved through rebates that may or may not be tied to drug expenditures, utilization patterns or health outcomes.

A listing is a catalog or list or items. You might be in the habit of checking TV listings every night, to see what's on the next day. You might make a listing of every cupcake and brownie that's donated to your school bake sale, or consult a listing of the available puppies at your local animal shelter.

AGREEMENT: The two parties to this Agreement, who are the before named CONSULTANT and the before named COMMISSION, hereby agree that this Agreement constitutes the entire Agreement which is made and concluded in duplicate between the two parties.

A listing agreement is an example of an agency relationship that is created by express agency. In this context, express agency arises when the principal explicitly states their intention to create an agency relationship with the agent through a written or verbal agreement.

A real estate listing agreement – also known as a seller's agent agreement – is a contract between a property owner and a real estate broker. It permits the broker to sell the home on the seller's terms, locating an appropriate buyer. The property owner pays the brokerage a commission for acting as the listing agent.

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.

A listing agreement is between the parties that own a property and the agents or brokers who will find a buyer for it. Typically, a real estate listing agreement involves the property owner and a real estate agent. The property owner, or seller, grants the agent the right to market and sell the property.

As long as both parties agree to the terms of an agreement, it doesn't matter who signs first. One exception to this rule is if you are dealing with a supplier who may postpone approval of a contract, prompting you to search for an alternative source. Always read a contract thoroughly before signing.

Signatories sign legal documents, international agreements, and contracts. These types of documents have multiple parties that need to sign the agreement. Signers are anyone who needs to provide a signature to legal documents.

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Listing Agreement Form In Virginia