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.
The Colorado One-Time Listing and Showing Agreement is a legal document used in the real estate industry to establish an agreement between a property owner (seller) and a real estate agent (broker) for the purpose of determining the terms and conditions for selling a property. This agreement is specific to the state of Colorado and outlines the responsibilities and obligations of both the seller and the broker. The One-Time Listing and Showing Agreement typically includes the following elements: 1. Parties: The agreement identifies the seller (property owner) and the broker involved in the transaction. 2. Property Details: The agreement specifies the address, legal description, and other pertinent information about the property being listed for sale. 3. Listing Price and Terms: The agreement establishes the listing price of the property and any specific terms such as financing options or contingencies. 4. Commission and Compensation: The agreement outlines the broker's commission and how it will be paid, either as a percentage of the final sale price or a fixed amount. It also details any other compensation or fees involved. 5. Listing Period: The agreement specifies the duration for which the property will be listed for sale. In the case of a one-time listing, it is usually a limited period. 6. Showing and Marketing: The agreement sets out how the broker will market and show the property to potential buyers, including the use of listing services, online platforms, open houses, and other marketing strategies. 7. Duties and Obligations: The agreement defines the responsibilities of the seller and the broker, including disclosing any material facts about the property and complying with all laws and regulations. 8. Termination and Exclusivity: The agreement outlines the conditions under which either party can terminate the agreement before the expiration date. It may also specify whether the agreement is an exclusive listing or if the seller can engage other brokers simultaneously. Different types of One-Time Listing and Showing Agreements in Colorado may include variations in terms, commission structure, marketing strategies, and duration. These variations can be tailored to the specific needs and preferences of the seller and the broker involved in the transaction. It is always advisable for both parties to carefully review and negotiate the terms of the agreement before signing to ensure they align with their intentions and objectives.
