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 Illinois One Time Listing and Showing Agreement is a legally binding contract that establishes the terms and conditions for the listing and showing of a property in the state of Illinois. This agreement is commonly used by real estate agents and sellers who want to grant permission for the agent to list and show their property for a specific period of time. The agreement outlines the responsibilities and obligations of both the agent and the seller. It typically includes details such as the property's address, the duration of the agreement, and the agreed-upon listing price. The agreement also includes provisions for compensation, including the percentage of the sale price that the agent will receive as commission. In addition to the basic components, there may be different types of the Illinois One Time Listing and Showing Agreement based on specific circumstances or variations in terms. Some common types include: 1. Exclusive One Time Listing and Showing Agreement: This type of agreement grants exclusivity to the agent, meaning that the seller cannot enter into a similar agreement with another agent during the specified duration. 2. Non-Exclusive One Time Listing and Showing Agreement: In this type of agreement, the seller retains the right to enter into similar agreements with other agents during the specified duration. 3. Limited One Time Listing and Showing Agreement: This agreement restricts the agent's responsibilities to only listing and showing the property, without involvement in other aspects like negotiations or closing. 4. Full-Service One Time Listing and Showing Agreement: This agreement grants the agent full authority to handle all aspects of the listing and showing process, including negotiations, inspections, and closing. It is important for both the agent and the seller to carefully review and understand the terms and conditions of the Illinois One Time Listing and Showing Agreement before signing. Consulting with a legal professional is advisable to ensure compliance with Illinois state laws and to protect the interests of both parties involved.
