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 New Jersey One Time Listing and Showing Agreement is a legal document used in the real estate industry. It is a contractual agreement between a real estate agent or broker and a seller, outlining the terms and conditions for listing and showing a property for sale in New Jersey. This agreement is only valid for a single listing and showing of the property and does not extend beyond that scope. It allows the seller to work exclusively with one specific real estate agent or broker for a limited period, typically 30-90 days, to market and sell their property. The agreement contains various relevant keywords such as: 1. Parties: Identifies the seller, who is the legal owner of the property, and the real estate agent or broker who is representing the seller in marketing and selling the property. 2. Property Description: Provides a detailed description of the property being listed, including its address, physical attributes, and any specific features or amenities that may attract potential buyers. 3. Listing Price and Terms: Specifies the desired listing price the seller is seeking for the property, as well as any specific terms or conditions that may be important for potential buyers to know, such as whether the property is being sold "as-is" or subject to any contingencies. 4. Commission: Outlines the amount or percentage of commission that the seller agrees to pay the real estate agent or broker upon successful sale of the property. This section may also include details on how the commission will be split if there are multiple agents involved in the transaction. 5. Duration: States the specific time frame during which the agreement is valid, typically ranging from 30 to 90 days. After this period, the agreement automatically expires, and the seller is free to engage with other real estate professionals. 6. Marketing and Showing: Describes how the property will be marketed and showcased to potential buyers. It may include details about open houses, virtual tours, professional photography, online listings, and other marketing strategies employed by the agent or broker to attract potential buyers. Different types of New Jersey One Time Listing and Showing Agreements may vary in their terms and conditions. Some agreements may include provisions for dual agency, where the real estate agent or broker represents both the buyer and the seller, while others may restrict the agent's representation solely to the seller. Additionally, there may be variations in commission rates, contract duration, and specific marketing strategies utilized.
