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.
North Dakota Contract to be Exclusive Agent or Realtor for Buyer and to Charge Fixed Rate of Commission in a Real Estate Transaction
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Multi-State
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US-01918BG
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How to fill out Contract To Be Exclusive Agent Or Realtor For Buyer And To Charge Fixed Rate Of Commission In A Real Estate Transaction?
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FAQ
Which of the following is a similarity between an exclusive-agency listing and an exclusive-right-to-sell listing? Both types of listings give the responsibility of representing the seller to one broker only. Under each, the seller authorizes only one particular salesperson to show the property.
Exclusive sale is an agreement between an owner of the property and an intermeddler that the owner will not sell the property to any person other than the person brought by the intermeddler. A person entering into an exclusive agreement cannot sell his/her property to other persons during the period of contract.
The following is not true of an exclusive right-to-sell listing: the broker will receive a commission regardless of whether the property is sold. permits the owner to sell through personal efforts without liability to pay a commission to the listing broker.
Terms in this set (20) Which of the following is a similarity between an exclusive agency listing and an exclusive right to sell listing? The sellers listing their property under an exclusive agency listing with a broker.
An exclusive listing is a type of real estate listing agreement in which one broker is appointed as the seller's sole agent. In an exclusive agency listing, the seller retains the right to sell the property, with no obligation to the broker.
How is an exclusive listing different than a traditional listing? An exclusive listing means that your salesperson or broker will be marketing the home on your behalf, without posting it on the Multiple Listings Service (MLS).
Which of these is a similarity between an open listing and an exclusive agency listing? a. under both, the seller avoids paying the broker a commission if the seller sells the property to somebody the broker did not procure.
In an exclusive listing, only one broker is specifically authorized to act as the exclusive agent of the seller. That means one broker has the sole right to market, show, and sell the property; other brokers are excluded from trying to sell the property while the agreement is active.
Clever is available to sellers nationwide. With a listing fee of $3,000 or 1%, Clever Real Estate offers some of the lowest real estate commission rates of any full service brokerage. Clever is a free service that matches you with top-rated local agents and pre-negotiates savings on your behalf.
Exclusive agency listing: Agents get paid in this type of agreement only if they sell the property. No fee is earned if the owner alone sells the property. Open listing: In this type of agreement, sellers have the right to use as many brokers as they want.