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.
Montana One Time Listing and Showing Agreement
Category:
State:
Multi-State
Control #:
US-00056DR
Format:
Word;
Rich Text
Instant download
Description
How to fill out One Time Listing And Showing Agreement?
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FAQ
Many years ago, the Montana legislature looked at this issue and passed laws preventing the taxing authorities from using the sales price of properties as the basis for establishing taxable values. As a result, Montana became one of the non-disclosure states in the U.S.
At a minimum, a listing agreement should contain a property description, state the required terms of sale, establish the scope o the broker's authority, and include a promise of compensation. An exclusive agency or exclusive right to sell listing must also have a termination date.
Sellers may complete a property disclosure form, but Montana does not require it. Montana law requires a seller's agent to disclose all relevant and material information concerning conditions known to that agent.
Dual agency occurs when a buyer and seller let a single real estate agent (or two agents from the same brokerage) represent them in a transaction. Dual agency is illegal in eight states: Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas and Vermont.
(a) acting as an agent for a party or parties in a real estate transaction where that agency representation conflicts with the obligations owed by the licensee to another party. This does not prohibit dual agency as permitted in 37-51-313, MCA.
The federal government and individual states set disclosure requirements. The major disclosures required involve lead paint, asbestos, wetlands, and floodplain disclosures.
Montana is one of just eleven states prohibiting public disclosure of real estate sales prices (please see the attached chart, Real Estate Price Disclosure by State).
The Montana Association of Realtors doesn't require that agents disclose that information. State law doesn't require disclosure of a suicide or felony, either. However, states including California, South Dakota and Alaska require you to disclose any death on a property within the last three years.
A One Time Showing Agreement form is an agreement between the buyer's broker and the homeowner listing the property for sale. In the document, the broker will list people's names that they plan on showing the property. Those buyers may potentially put in an offer and purchase the property.
A BROKER OR A SALESPERSON MAY NOT ACT AS A DUAL AGENT WITHOUT THE SIGNED, WRITTEN CONSENT OF BOTH THE SELLER AND THE BUYER".
