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 Michigan One Time Listing and Showing Agreement is a legal document commonly used in the real estate industry to establish a relationship between a real estate agent and a property owner for the purpose of listing and showing a property. This agreement outlines the rights and responsibilities of both parties involved in the real estate transaction. This agreement is typically used when a property owner wishes to engage the services of a real estate agent for a specific period of time to market their property. It allows the agent to list the property on the local Multiple Listing Service (MLS) and actively promote it to potential buyers. The agreement is binding and requires both parties to fulfill their obligations as outlined within. The Michigan One Time Listing and Showing Agreement may come in various forms or variations, depending on the specific needs and preferences of the parties involved. These variations may include specific provisions related to the duration of the agreement, the agent's commission, the listing price, and any terms and conditions for showing the property. Some common types of Michigan One Time Listing and Showing Agreements include Exclusive One Time Listing Agreement, Open One Time Listing Agreement, and Multiple One Time Listing Agreement. The Exclusive One Time Listing Agreement grants the agent exclusive rights to market and sell the property within the agreed-upon timeframe. This means that the property owner cannot engage other agents for the same purpose during that period. On the other hand, the Open One Time Listing Agreement allows the property owner to engage multiple agents simultaneously to market their property. The first agent to find a willing buyer usually receives the commission, while other agents may be compensated for their efforts in marketing the property. Lastly, the Multiple One Time Listing Agreement is a combination of the exclusive and open agreements, wherein the property owner engages multiple agents but only pays a commission to the agent who successfully brings a buyer for the property. It is important for both the property owner and the real estate agent to carefully review and understand the specific terms and conditions of the Michigan One Time Listing and Showing Agreement. Consulting a legal professional may be beneficial to ensure that all aspects of the agreement comply with applicable laws and protect the interests of both parties involved.
