Real Estate Listing Agreement Sample

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If you are planning to sell a property, one of the first things you will need to do is sign a real estate listing agreement with your chosen real estate agent. This agreement outlines the terms and conditions of the sale and specifies the commission or fee that the agent will receive upon the successful sale of the property. To make sure that the agreement is comprehensive, clear and legally binding, it is essential to have a real estate listing agreement sample.

Here are some important components of a real estate listing agreement sample:

1. Property Information

The real estate listing agreement should contain detailed information about the property being sold, including its address, legal description, and any significant features or characteristics that may impact the sale.

2. Listing Price

The agreement should also specify the listing price of the property, which should be set after careful consideration of the market conditions, comparable sales, and the property`s unique features.

3. Commission or Fee

The real estate listing agreement should clearly outline the commission or fee that the real estate agent will receive upon the sale of the property. This commission may be a percentage of the sale price or a flat fee, and it should also include any additional fees, such as marketing costs or administrative expenses.

4. Listing Period

The listing period is the length of time that the real estate agent has exclusive rights to market and sell the property. This period is typically 90 days to six months, but it can vary depending on the specifics of the agreement.

5. Marketing Plan

The marketing plan should outline how the real estate agent will advertise and promote the property, including any online or offline advertising channels that will be used.

6. Termination Clause

The termination clause specifies the conditions under which the agreement can be terminated. This may include a breach of contract, mutual agreement, or expiration of the listing period.

7. Legal Considerations

Lastly, the real estate listing agreement should outline any legal considerations, including the governing law, jurisdiction, and dispute resolution process.

Having a comprehensive and legally binding real estate listing agreement is essential to ensure a successful sale of the property. By using a real estate listing agreement sample as a guide, you can work with your real estate agent to create a contract that protects your interests and outlines clear expectations for all parties involved.