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Illinois exclusive listing agreement

Chicago area realtor listing agreements 2025

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The document is an Exclusive Right to Sell Listing Agreement from the Chicago Association of REALTORS®, outlining the terms between a sponsoring broker and a seller for the sale or lease of a property. It details the broker's exclusive rights, obligations of both parties, commission structures, marketing strategies, and legal compliance requirements. The agreement emphasizes cooperation, compensation for services rendered, and provisions for dual representation.

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Click ‘Get Form’ to open the Chicago Area Realtor Listing Agreement in the editor.
Begin by filling in the 'Sponsoring Broker' and 'Seller' sections. Ensure that all names are spelled correctly to avoid any legal issues.
Specify the 'Term' of the agreement by entering the effective date and termination date. This is crucial for defining the duration of your listing.
In the 'Price' section, indicate either the marketing price for sale or rental price per month. Adjust these figures as needed based on your strategy.
Complete the 'Property' details, including address, unit number, and any applicable parking or storage information. This ensures clarity about what is being sold or leased.
Review and fill out sections regarding possession, designated agent, minimum services, seller obligations, and compensation to ensure compliance with local regulations.
Finally, sign and date the agreement at the bottom. Make sure all parties involved have initialed where required to validate the document.

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Versions	Form popularity	Fillable & printable
2015	4.9 Satisfied (471 Votes)
2012	4.3 Satisfied (65 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How do I get out of a buyers agent agreement?

It is possible to buy a home without a real estate agent, but the vast majority of homebuyers do work with one. Buyers who go it alone may save some money in commissions. However, there are serious downsides and risks to consider.

Do you have to join the Chicago Association of Realtors?

We do not mandate membership, however, should you elect not to join, your Designated Managing Broker will be assessed a fee for having a non-REALTOR licensee in his/her office. We suggest you speak directly with your Designated Managing Broker about REALTOR membership.

What is an exclusive listing agreement in Illinois?

You cannot hire another broker or agent to sell your home during the contract term. The brokerage you sign with gets the exclusive right. You will owe the brokerage a commission if your property sells during the term of the Agreement, no matter who finds the buyer you, the broker, or someone else.

What states require a buyer agency agreement?

What states currently require buyer representation/agency agreements? Alaska. Arkansas. Georgia. Idaho. Maryland. Minnesota. Missouri. Nebraska.

Is the listing agreement a contract for sale of real estate?

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.

Is a buyer agency agreement required in Illinois?

Written agreements are required for both in-person and live virtual home tours. You do not need a written agreement if you are just speaking to an agent at an open house or asking them about their services. Agent compensation for home buyers and sellers continues to be fully negotiable.

Is a buyer-broker agreement required in Illinois?

If you are a buyer and your agent is using an MLS, you will need to sign a written agreement with your agent before touring a home so you understand exactly what services will be provided, and for how much. Written agreements are required for both in-person and live virtual home tours.

Chicago area realtor listing agreements 2025

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Got questions?

How do I get out of a buyers agent agreement?

Do you have to join the Chicago Association of Realtors?

What is an exclusive listing agreement in Illinois?

What states require a buyer agency agreement?

Is the listing agreement a contract for sale of real estate?

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Is a buyer agency agreement required in Illinois?

Is a buyer-broker agreement required in Illinois?

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Chicago area realtor listing agreements 2025

Here's how it works

How to use or fill out chicago area realtor listing agreements with our platform

See more chicago area realtor listing agreements versions

Complete this form in 5 minutes or less

Got questions?

How do I get out of a buyers agent agreement?

Do you have to join the Chicago Association of Realtors?

What is an exclusive listing agreement in Illinois?

What states require a buyer agency agreement?

Is the listing agreement a contract for sale of real estate?

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People also ask

Is a buyer agency agreement required in Illinois?

Is a buyer-broker agreement required in Illinois?

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