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.
In Indiana, the One Time Listing and Showing Agreement is a legal document used in real estate transactions to establish the terms and conditions between a seller and a real estate agent for the listing and showing of a property. This agreement outlines the obligations and responsibilities of both parties involved. The One Time Listing and Showing Agreement typically includes important information such as the property address, the listing price, and the duration of the agreement. It also provides details on the agent's commission, which is usually a percentage of the final selling price. This agreement specifies the agent's duties, such as advertising and marketing the property, conducting open houses, and arranging showings for interested buyers. It also outlines the seller's responsibilities, such as maintaining the property's condition and ensuring it is accessible for showings. One type of Indiana One Time Listing and Showing Agreement is the Exclusive Right to Sell Listing Agreement. This agreement grants the agent exclusive rights to market and sell the property during the agreed-upon period. It means that even if the seller finds a buyer independently, they would still need to pay the agent's commission. Another type is the Exclusive Agency Listing Agreement. This agreement allows the seller to retain the right to sell the property independently without owing a commission to the agent. However, if the agent brings a buyer who ends up purchasing the property, they would be entitled to a commission. In contrast, the Open Listing Agreement is another type that allows multiple agents to list and market the property concurrently. The agent who brings a successful buyer is then entitled to the commission. It's important for both the seller and agent to carefully review and understand the terms and conditions stated in the One Time Listing and Showing Agreement before signing. This agreement serves as a legally binding contract that protects the interests of both parties throughout the real estate transaction process.
