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The document is an Open Listing Agreement between a Broker and a Seller for the sale of real property. It outlines the effective date, parties involved, property details, terms of sale, broker's commission, and obligations of both the Broker and Seller. The agreement allows the Seller to list the property with multiple brokers and sell it directly without owing a commission to the Broker unless sold to a buyer introduced by the Broker during the listing period.

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What is the difference between a listing agreement and a contract?

In real estate, a listing agreement is a contract between homeowners and brokers that legally establishes how a realtor will find a property buyer on the sellers behalf. Listing agreements serve as a hiring contract with the agent for the sale of a property, and are only valid for a set amount of time.

What best describes a listing agreement?

At this point, your REALTOR will take the final steps necessary for selling your home, including the preparation and staging of your home before its officially listed in the Multiple Listing Service (MLS) databases. This includes: Making an extra key for the lockbox. Arrange for the installation of the yard sign.

What is a standard listing agreement?

A listing agreement is a type of real estate contract in which a property owner gives a real estate agent or broker the authority to find a buyer for their property. If you decide to sell your home using a realtor, you will likely be asked to sign a listing agreement.

What is the primary purpose of a listing agreement?

What is the primary purpose of a listing agreement? Serve as the primary contract of employment between the owner and broker. In some cases, a brokers commission can be earned if he can prove that he set into motion a series of events which resulted in the sale.

What does a listing agreement mean?

A listing agreement is a contract between you and your agent that says the agent can represent you and market your property to potential buyers and their agents and establishes the sales price for your home.

What do you mean by listing agreement?

A listing agreement is a contract between a property owner and a real estate brokerage that authorizes the broker to represent the seller and act as their agent in the sale of the property.

What is the concept of listing agreement?

A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.

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