Are pocket listings illegal in NC?

Find the Best Real Estate Agent for Pocket Listings in Your Area. Although they're not illegal, an off-market listing can be more troublesome than what it's worth. If you're considering a pocket listing for your home, ask your real estate agent about their experience with pocket list real estate.

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

Listing Agreement For Unimproved Property In Wake

Category:

Real Estate - Brokers

State:

Multi-State

County:

Wake

Control #:

US-00440BG

Format:

Instant download

Description

The Listing Agreement for Unimproved Property in Wake is a crucial legal document that grants a broker the exclusive right to sell or exchange real property. This agreement outlines important details such as the duration of the agreement, the sales price, and the terms of sale. It specifies that the owner must provide a warranty deed and certification of title, ensuring that the property is marketable. Compensation to the broker is defined, including the percentage commission the owner agrees to pay upon a successful sale during the agreed term. The agreement also allows the owner to refuse offers that do not meet the listed price or terms, and it includes provisions for cooperation between the owner and the broker, including allowing property access for showings. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to property sales, ensuring legal compliance and protecting the rights of all parties involved. It emphasizes clear communication between owners and brokers while detailing potential legal fees in the case of disputes, making it a comprehensive resource for anyone engaged in real estate transactions.

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FAQ

An exclusive right to sell agreement is where we provide the highest level of service to the seller. It allows the agent to list the property and receive a commission for professional services performed no matter who brings the buyer to the transaction.

An exclusive license grants the licensee the sole right to use, manufacture, and sell a product or service. The licensor, or the person or entity that owns the intellectual property, cannot grant the same rights to anyone else.

An exclusive right to sell listing agreement is a contract between a listing agent and a home or property owner. An exclusive right to sell specifies that the listing agent is the only agent you've hired, and the agent is guaranteed to receive the commission when your house sells.

"Exclusive right to sell listing agreement" means a listing agreement whereby the owner grants to a seller's agent, for a specified period of time, the exclusive right to sell, find, or obtain a buyer for the real property, and the seller's agent is entitled to the agreed compensation if, during that period of time, ...

An exclusive right to sell grants a single real estate agency exclusive authority to market and sell a property, ensuring the listing agent earns a commission regardless of who finds the buyer. While this agreement is active, the property owner cannot use another agent.

Exclusive right-to-represent contracts. This is the most common buyer-broker agreement between home buyers and brokers. This agreement outlines the obligations of the broker, the broker-agent relationship, and the responsibilities of the buyer.

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 inium transactions.

Find the Best Real Estate Agent for Pocket Listings in Your Area. Although they're not illegal, an off-market listing can be more troublesome than what it's worth. If you're considering a pocket listing for your home, ask your real estate agent about their experience with pocket list real estate.

There are four common types of listings: open listings, exclusive right-to-sell listings, exclusive agency listings, and net listings. Open listing agreement. An open listing is a non-exclusive contract. Exclusive right to sell listing agreement. Exclusive agency listing agreement. Net listing agreement.