This form grants to a realtor or broker the sole and exclusive right to list and show the property described in the agreement on one occasion. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Arizona One Time Listing and Showing Agreement
Category:
State:
Multi-State
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
Description
How to fill out One Time Listing And Showing Agreement?
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FAQ
Is a pocket listing legal? Arizona allows pocket listings. However, agents should proceed with caution and consider the related risk management concerns pocket listings pose. Arizona law provides that a licensee owes a fiduciary duty to the client and shall protect and promote the client's interests. A.A.C.
Yes and you can tell them the price of any offers received as long as you have sellers permission. You may with the Seller's permission.
Can estate agents disclose other offers? There's no law, or Code of Practice term, that stops an estate agent from disclosing how much someone else has offered on a property.
Dual agency is legal in Arizona with certain significant restrictions. Arizona law requires that an agent may not accept compensation from both parties to a transaction without written consent from each. Dual agency must be disclosed in writing or it is not permitted.
Coming Soon ListingsThe seller must agree to not allow showings while the listing is in the Coming Soon Status. No agreement of sale is currently in effect.
ARMLS® (Arizona Regional Multiple Listing Service)
Terminating Listing Agreements in Arizona is PossibleTo cancel, the parties can either wait until the expiration date, at which time the seller can switch agents usually without penalty, or they can terminate the agreement early per the provisions in the contract.
If you decide to disclose offers to buyers, your Realtor is ethically required to be honest about the bids you receive. Your Realtor can't approach buyers about other offers if there are none. They also can't lie about the offer amount in order to create a bidding war.
Real estate agents cannot by law share your offer with other buyers, but no law prevents the seller from sharing it.
Why Sellers Might Use Pocket ListingsTest out an asking price or gauge the public's interest in the home. Sell to a buyer they know, possibly leading to a quick sale. Avoid the hassles of bidding wars. Avoid sharing the number of home price reductions on the MLS, which can raise red flags among home buyers.
