Sale Contract Checklist - Tucson Association of Realtors - tucsonrealtors 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the property address, file number, state, city, and zip code at the top of the form. This information is crucial for identifying the transaction.
  3. Fill in the MLS number and client names. Ensure that these details are accurate as they will be referenced throughout the contract.
  4. Specify the closing date and acceptance date. These dates are essential for tracking timelines in your transaction.
  5. Select the property type from options such as SFR, New Construction, or Land/Lot. This helps categorize your sale appropriately.
  6. Complete lines #1 – 12 within three days by checking off each required document like MLS printouts and signed contracts. Use our platform’s checklist feature to ensure nothing is missed.
  7. For lines #13 – 29, gather necessary documents to turn in on closing day, including estimated closing costs and inspection reports. Utilize our editor to easily upload these files.

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Exclusive Right to Sell Listing Agreement This is the most commonly used listing agreement. You grant one broker full control over marketing and selling the property for a set period. Even if you find a buyer yourself, you must still pay the broker their commission.
4 Essential Elements of an Arizona Real Estate Contract The contract must be in writing and include a legal description of the property. There needs to be mutual assent and legal consideration. The parties must both be legally competent. The contract cannot violate any laws.
Purchase Agreements Lets start with the most common contract, the purchase agreement. This contract is binding between the buyer and seller of the property and outlines all the details of a home sale transaction. These details can include: Buyer and seller info.
Bilateral contracts are agreements in which both parties exchange mutual promises to perform certain obligations, making this type of contract the most common in business transactions.
Most Realtor contracts last between three and six months, but the length isnt set in stone. Some agreements are as short as 30 days, while others extend beyond 6 months to a year, depending on the brokerage and market conditions. If your home is in a hot market, a shorter contract may be ideal.

People also ask

Yes, you can absolutely write your own purchase agreement! But starting from scratch can be time-consuming and can get complicated quickly with legal language, required clauses, regional regulations, etc. The good news is that you dont have to start from ground zero.
While ZipRecruiter is seeing salaries as high as $138,999 and as low as $26,498, the majority of Real Estate Agent salaries currently range between $55,800 (25th percentile) to $93,000 (75th percentile) with top earners (90th percentile) making $119,474 annually in Tucson.

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