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.
Virgin Islands 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
The elements that make up a listing agreement. The time period in which the property will be listed for sale. The listing price of the property. The type of listing agreement being entered into. The terms of commission, or how the agent will be paid once the property is sold.
In most cases, a property is listed as under contract once a buyer has made an offer and the seller has accepted. While that's a big step, it doesn't mean the deal is done quite yet. So if you see a house you love that's under contract, don't give up quite yet.
A safety clause is found in most listing agreements. Under this type of provision, the broker is entitled to a commission if the seller sells the property after the listing term expires to any person the broker negotiated with during the listing term.
An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.
The listing agreement also specifies the listing price, broker's duties, seller's duties, broker's compensation, terms for mediation, an automatic termination date, and any additional terms and conditions.
Canceling a listing agreement If a seller decides to cancel a listing agreement such as an Exclusive Right of Sale Listing Agreement before its termination date, it is up to the broker to let the seller out of the agreement. There is no unilateral right to terminate the Exclusive Right of Sale Listing Agreement.
In most cases, a property is listed as under contract once a buyer has made an offer and the seller has accepted. While that's a big step, it doesn't mean the deal is done quite yet. So if you see a house you love that's under contract, don't give up quite yet.
Active Under Contract is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed. This term is primarily used in the State of California.
It allows the sellers the option of asking the buyers to let the sellers rent the home after the sale until the sellers can move into their new place. This type of possession is usually negotiable and caution should be exercised anytime the right of possession does not coincide with closing. BACK TO GLOSSARY.
When a real estate contract is listed as pending, it means that the contract has been accepted, but the deal hasn't yet been closed.
