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 Massachusetts One Time Listing and Showing Agreement is a legally binding agreement between a real estate agent and a homeowner in Massachusetts. This agreement allows the agent to exclusively list and show the homeowner's property for a specified period of time. The purpose of this agreement is to establish the terms and conditions under which the agent will represent the homeowner in the sale of their property. It outlines the responsibilities and obligations of both parties during the listing and showing process. The agreement typically includes key information such as the homeowner's name and contact details, property address, listed price, and the duration of the agreement. It also details the commission structure, stating the amount or percentage of the commission that the agent will receive upon the successful sale of the property. The Massachusetts One Time Listing and Showing Agreement may have different types, depending on the specific requirements and preferences of the homeowner. Some of these types may include: 1. Exclusive Right to Sell Agreement: This type of agreement grants the agent exclusive rights to market and sell the property. The agent is entitled to the agreed-upon commission, regardless of who ultimately purchases the property. 2. Non-Exclusive Agreement: This type of agreement allows the homeowner to engage multiple agents to market and show the property simultaneously. The agent who successfully brings a buyer and closes the sale is entitled to the commission. 3. Open Listing Agreement: This type of agreement allows the homeowner to list and market the property themselves. They have the freedom to engage multiple agents or sell the property on their own. The agent who brings a buyer is entitled to the commission. Regardless of the type of Massachusetts One Time Listing and Showing Agreement, it is crucial for both parties to carefully review the terms and conditions before signing. It is recommended to consult with a real estate attorney to ensure that the agreement complies with Massachusetts state laws and meets the specific needs of the homeowner.
