Hire a realtor to list your real estate property with this Open Listing Agreement form.
- The property owner gives the realtor a non-exclusive right to list the property for sale for a specified time period.
- The owner retains the right to sell the property directly, without paying commission, if the realtor does not locate a buyer.
- The owner also has the right to list the property with other realtors.
- If a deposit is forfeited by a buyer introduced by the realtor, the realtor can retain 50% of the deposit.
This Open Listing Agreement for Real Estate Property is in MS Word format, and is fully editable.
OPEN LISTING AGREEMENT THIS AGREEMENT made effective as of the _____ day of ______________, _______. BETWEEN: [NAME OF HOME OWNER] [address] (the “Owner”) - and - [NAME OF REALTOR] [address] License No. _______________ (the “Realtor”) NOW THEREFORE the parties agree as follows: 1. The Owner shall list the property hereinafter described with the Realtor for a period of [no.] days, commencing from the effective date hereof. 2. The property to be listed is located at [location of property] and described as: [description of property] together with the following improvements and fixtures: [description of improvements / fixtures] 3. The minimum selling price of the property shall be [minimum selling price] dollars ($_____________), to be payable on the following terms: [set out the payment terms] 4. The Owner agrees to pay the Realtor a commission of _____% of the sale price should the Realtor find a purchaser ready, willing, and abl
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