Exclusive Listing Agreement for Sale of Vacant Land is a legal agreement between a seller (principal) and a real estate agent (agent) to list a piece of property for sale. The agreement outlines the responsibilities of both parties and their obligations to each other. The agreement should specify the length of the term, payment terms, the list price, the commission, and other important details. There are three types of exclusive listing agreements for sale of vacant land: a single agency agreement, a dual agency agreement, and a designated agency agreement. A single agency agreement states that the real estate agent is the exclusive agent of the seller and will be the only person responsible for selling the property. This agreement allows the agent to negotiate on behalf of the seller and receive a commission if the property is sold. A dual agency agreement states that the real estate agent represents both the buyer and the seller. In this agreement, the agent is responsible for marketing the property, negotiating the sale, and facilitating the transaction. A designated agency agreement states that the real estate agent is the designated agent of the seller and will be responsible for marketing the property. The agent will receive a commission if the property is sold but will not be allowed to negotiate on behalf of the seller.
Listing Agreement
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