What This Exclusive Listing Agreement Template Covers

This exclusive listing agreement template is designed to facilitate the relationship between property owners and real estate agents when selling residential properties. It includes essential clauses that outline the obligations and expectations of both parties, ensuring a clear understanding of the terms of the sale.

When to Use an Exclusive Listing Agreement

This exclusive listing agreement is ideal for property owners who want to sell their property with the assistance of a real estate agent. It is particularly useful when an owner seeks to engage a single agent for representation, thereby providing the agent with exclusive rights to market and sell the property. Additionally, this template is applicable when owners wish to establish clear commission structures and timelines for the sale process.

What's Included in This Real Estate Listing Agreement Template

• Parties: Clearly identifies the property owner and the real estate agent involved in the transaction.
• Recitals: Provides background information and context for the agreement.
• Property Description: Details the property being sold, including its type, features, and location.
• Listing Terms: Specifies the duration of the listing and the conditions under which the property will be marketed.
• Agent Obligations: Outlines the responsibilities of the real estate agent in promoting and selling the property.
• Owner Obligations: Describes the duties of the property owner, including providing access to the property for showings.
• Commission Structure: Details the commission rate and payment terms for the agent upon successful sale.
• Termination Clause: Defines the conditions under which the agreement can be terminated by either party.
• General Provisions: Covers additional legal terms relevant to the agreement.

Key Provisions in This Property Listing Contract

• Exclusive Agency Agreement: Ensures that the agent has exclusive rights to represent the owner, preventing other agents from marketing the property.
• Commission Structure: Clearly defined commission rates help to avoid disputes regarding payment upon sale.
• Termination Clause: This provision allows either party to exit the agreement under specified conditions, providing flexibility.
• Real Estate Representation Agreement: Establishes a formal relationship between the owner and the agent, ensuring both parties understand their roles.

Disclaimer: This template is for informational purposes only and does not constitute legal advice.