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 Minnesotan Time Listing and Showing Agreement is a legally binding document used in the state of Minnesota to establish a relationship between a real estate agent and a seller for the purpose of listing and showing a property for sale. This agreement outlines the terms and conditions under which the agent will market the property and represent the seller during the selling process. The main objective of this agreement is to grant the agent the exclusive right to list and market the property for a specific timeframe, typically between 30 and 90 days. During this period, the agent will have the authority to advertise and promote the property through various channels, including online listings, open houses, and networking. One of the key components of the agreement is the commission structure. The agent's compensation is typically determined as a percentage of the final sale price, as agreed upon by the seller and the agent. This commission may vary based on the specific terms negotiated between the parties. It's important to note that the Minnesota One Time Listing and Showing Agreement is adapted to the laws and regulations of Minnesota. Therefore, it may differ from similar agreements used in other states. It is crucial for both the agent and the seller to familiarize themselves with the specific requirements and obligations outlined in the agreement. While there is typically only one type of Minnesota One Time Listing and Showing Agreement, there may be variations in the specific terms and conditions agreed upon between the agent and the seller. For instance, the agreement may include provisions for the use of lockboxes to facilitate property showings, or it may specify additional marketing strategies to be employed by the agent. Overall, the Minnesota One Time Listing and Showing Agreement serves as a comprehensive contract that enables a real estate agent to represent a seller in marketing and selling their property. Through its detailed terms and conditions, it promotes transparency and clarity between the parties involved, protecting their rights and interests throughout the selling process.
