Real Estate Listing Agreement
This Real Estate Listing Agreement ("Agreement") is made and entered into on this day of _, 20, by and between:
Seller: Address: _ Phone: _ Email: _
and
Listing Agent/Broker: Company: _ Address: _ Phone: Email: _
1. Property Description
The Seller hereby grants the Listing Agent the exclusive right to sell the property located at:
Address: _ Legal Description (if applicable):
2. Listing Price
The property shall be listed at the price of $, subject to adjustments as mutually agreed upon in writing.
3. Listing Period
This Agreement shall commence on and shall expire at midnight on , unless extended or terminated earlier in accordance with this Agreement.
4. Agent's Duties and Responsibilities
The Listing Agent agrees to:
- Market the property through appropriate channels, including MLS, online platforms, and print media.
- Conduct showings and open houses as agreed with the Seller.
- Provide regular updates to the Seller regarding market activity and feedback.
- Assist in negotiating offers and facilitating the closing process.
5. Seller's Duties and Responsibilities
The Seller agrees to:
- Provide accurate information about the property.
- Maintain the property in a presentable condition for showings.
- Refer all inquiries and offers to the Listing Agent.
6. Commission
The Seller agrees to pay the Listing Agent a commission of % of the final sale price, payable at closing.
7. Dual Agency Disclosure (if applicable)
[Include statement regarding dual agency if the agent represents both buyer and seller, in compliance with local laws.]
8. Termination
Either party may terminate this Agreement upon written notice under the following conditions:
- Mutual agreement.
- Breach of terms.
- Expiration of the listing period.
9. Additional Terms and Conditions
[Insert any additional clauses, such as property disclosures, warranties, or special conditions.]
10. Signatures
By signing below, both parties agree to the terms and conditions outlined in this Listing Agreement.
Seller Signature
Date: _
Listing Agent Signature
Date: _
Instructions and Best Practices
- Customization: Tailor the commission percentage, listing period, and any special terms to fit the specific transaction.
- Legal Compliance: Ensure the agreement complies with local real estate laws and regulations; consult a legal professional if necessary.
- Clear Communication: Maintain open communication between Seller and Agent to facilitate a smooth transaction.
- Documentation: Keep copies of all signed agreements and related documents securely stored.
This template is designed for use within Google Docs, allowing easy collaboration, editing, and sharing between parties involved in the real estate listing process. By using this standardized agreement, agents and sellers can establish clear expectations and reduce potential misunderstandings, leading to more successful property sales.
