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 Mexico One Time Listing and Showing Agreement is a legally binding contract between a property owner (referred to as the "Seller") and a real estate agent (referred to as the "Listing Broker"). This agreement allows the Listing Broker to act as the exclusive agent for the Seller in marketing and showing the property for a specified period of time. The agreement outlines the terms and conditions agreed upon by both parties, including the listing period, the agreed-upon selling price, the compensation to be paid to the Listing Broker, and any specific terms or conditions unique to the property. It is essential for both parties to thoroughly understand and agree to the terms outlined in the agreement before signing. There are different types of New Mexico One Time Listing and Showing Agreements, including the Exclusive Agency Agreement and the Exclusive Right to Sell Agreement. 1. Exclusive Agency Agreement: This type of agreement grants the Listing Broker the exclusive right to market and show the property for a specified period. However, the Seller retains the right to sell the property themselves without incurring any commission fees to the Listing Broker. In this agreement, the Listing Broker receives a commission only if the property is sold through their efforts. 2. Exclusive Right to Sell Agreement: This type of agreement gives the Listing Broker the exclusive right to market and show the property for a specified period. Unlike the Exclusive Agency Agreement, the Seller is no longer allowed to sell the property themselves without incurring commission fees to the Listing Broker. The Listing Broker is entitled to a commission regardless of who sells the property. Both types of agreements protect the interests of the Seller and provide the Listing Broker with the necessary authority to effectively market and sell the property. It is essential for both parties to carefully review and understand the agreement before signing to ensure a smooth and successful real estate transaction.
