Real Estate Listing Agreement
This Real Estate Listing Agreement ("Agreement") is entered into by and between [Your Company Name] ("Broker") and [Seller's Full Name] ("Seller"), collectively referred to as the "Parties."
Property Address:
[Property Address]
Effective Date:
[Month, Day, Year]
1. Exclusive Right to Sell
The seller is granting the broker the exclusive right and authorization to sell the described property that is mentioned above. This exclusive right to sell the property is granted for a period of six months, starting from the Effective Date as defined in this Agreement.
2. Listing Price
It is agreed upon by the parties involved that the property in question shall be listed at a price of $[Amount]. If both parties engage in mutual agreement to amend this price, it must be documented in written form for it to be considered valid and enforceable.
3. Broker Obligations
Broker agrees to:
Market the property through various channels, including online listings, social media, and print media.
Coordinate the showing of the property to potential buyers.
Represent the Seller in negotiations with prospective buyers.
Provide the Seller with timely updates regarding the marketing efforts and interest from potential buyers.
4. Seller Obligations
Seller agrees to:
Provide Broker with all necessary information and access to the property for marketing and showing.
Notify Broker of any changes in the property's condition.
Consider all reasonable offers presented by Broker.
5. Commission
Seller agrees to pay Broker a commission of 6% of the sale price of the property, payable at closing. If Broker also represents the buyer, the commission shall not exceed 7% of the sale price.
6. Dual Agency
The individual or entity that is acting as a Broker has the potential to serve in the role of a dual agent that provides representation for both the Seller and the buyer. The Seller, in this particular scenario, is offering their consent to the dual representation by the Broker. Further, the Seller has made it clear that they have received a comprehensive explanation and understand the potential implications, as well as the possible conflicts of interest, that are inherent in such a dual representation agreement.
7. Confidentiality
The broker concurs to uphold the confidentiality of the information provided by the Seller. The broker should not disclose any confidential information unless it is necessary for the marketing of the property or if the broker is legally obligated to share such information as required by law.
8. Termination
This Agreement may be terminated by either party within 30 days' written notice to the other party, subject to the conditions that:
Seller will pay for the marketing expenses incurred by Broker up to the date of termination.
If a sale is finalized within 30 days after the termination of this Agreement with a buyer introduced by Broker, Seller will pay the agreed-upon commission.
9. Governing Law
The governing and interpretation of this Agreement shall be carried out according to and in compliance with the laws that abide in the jurisdiction of [Insert Jurisdiction Here].
10. Entire Agreement
This document, in its entirety, acts as the binding agreement between the Parties involved. Any previous negotiations, agreements, correspondences, or understandings that may have occurred prior to this are completely superseded and therefore nullified by the stipulations and the authority of this present agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
Seller:
[Seller's Full Name]
[Month, Day, Year]
Broker:
[Your Company Name]
[Your Company Representative's Name]
[Month, Day, Year]
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