Exclusive Listing Agreement - Residential: This agreement is between the Owner of land and a Broker. A contract such as this, simply states that the Owner gives the exclusive right to selling his/her property to this particular Broker. Each party signs this document in front of a Notary Public. This form is available in both Word and Rich Text formats.
Mesa Arizona Exclusive Listing Agreement - Residential
Category:
State:
Arizona
City:
Mesa
Control #:
AZ-SALES-4
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Arizona Exclusive Listing Agreement - Residential?
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FAQ
An exclusive listing is a type of real estate listing agreement in which a property seller appoints and specifically authorizes one real estate broker to act as the seller's sole agent. By contrast, in an open or non-exclusive listing, the seller retains the right to employ any number of brokers as agents.
Here are the three common listing agreement types: (1) exclusive right to sell, (2) open listing agreement, and (3) exclusive agency.
With an MLS listing, the property goes on the Internet, and every buyer, and every agent, can see it. With an exclusive listing, the ?FOR SALE? sign goes on the lawn, and only passer-byers see it. With an MLS listing, any agent, representing any buyer, can bring an offer.
ANSWER: No. The type of listing the real estate agent suggested is called a ?net listing.? It is illegal in some states and very dangerous in every state.
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.
Arizona allows pocket listings. However, agents should proceed with caution and consider the related risk management concerns pocket listings pose. Arizona law provides that ?a licensee owes a fiduciary duty to the client and shall protect and promote the client's interests.? A.A.C.
The most commonly used form is an exclusive right-to-represent agreement, the equivalent of an exclusive right-to-sell. However, exclusive agency and open types of agreement may be also used to secure a relationship on this side of a transaction.
An exclusive right-to-sell listing is the most commonly used contract. With this type of listing agreement, one broker is appointed the sole seller's agent and has exclusive authorization to represent the property.
Open listings are the most common type. Under an open listing, the property owner offers a real estate broker a commission, usually a percentage of the sale, if the the property is sold.
?The reality is the housing market is already segregated due to decades of discriminatory practices, and pocket listings are inherently discriminatory because they only show homes to an exclusive group of buyers, who tend to be white,? Scott says. ?People of color don't usually have access to pocket listings.?