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 Maine One Time Listing and Showing Agreement is a legally binding contract used in the state of Maine between a real estate agent and a property owner to establish the terms and conditions for listing and showing a property for sale or lease. This agreement outlines the rights and responsibilities of both parties and ensures that the transaction process runs smoothly. The agreement covers several key aspects, including the duration of the listing period, the agreed-upon listing price, commissions, and the specific marketing and advertising strategies to be employed by the real estate agent. It also includes provisions related to showings and open houses, such as the scheduling process, access to the property, and the agent's role in facilitating private showings. There are different types of Maine One Time Listing and Showing Agreements that may be used depending on the specific circumstances and preferences of the property owner and the real estate agent. These may include: 1. Exclusive Listing Agreement: This type of agreement grants the real estate agent exclusive rights to list and market the property for a specified duration, typically ranging from 30 to 180 days. During this period, the property owner cannot work with any other real estate agents to sell or lease the property. If a buyer is procured during the listing period, the real estate agent is entitled to the agreed-upon commission. 2. Open Listing Agreement: With an open listing agreement, the property owner can list the property with multiple real estate agents simultaneously. The real estate agent who brings a buyer or lease to the property and successfully facilitates the transaction is entitled to the commission. This type of agreement offers more flexibility to the property owner, but it may also result in decreased commitment from the real estate agents. 3. Net Listing Agreement: In a net listing agreement, the real estate agent's commission is based on the difference between the sale price of the property and a specified net amount desired by the property owner. This type of agreement can be risky for both parties, as it may lead to conflicts of interest and potential ethical concerns. Regardless of the specific type of agreement used, it is crucial for both the property owner and the real estate agent to carefully review and understand the terms and conditions outlined in the Maine One Time Listing and Showing Agreement before signing. Seeking legal advice is highly encouraged to ensure compliance with Maine real estate laws and regulations.
