Consignment Real Estate Contract

CONSIGNMENT REAL ESTATE CONTRACT

Parties

This Consignment Real Estate Contract (the Agreement) is entered into effective as of by and between the following parties:

Property Identification

Appointment and Authority

Consignor hereby appoints Consignee as exclusive agent to market, negotiate and sell the Property on the terms set forth below for the period commencing on and ending on , unless earlier terminated in accordance with this Agreement.

Financial Terms

Listing price: $ . Minimum acceptable net price (reserve) to Consignor: $ .

Consignee commission: % of the gross sale price, payable at closing, plus reimbursement for authorized marketing and escrow costs advanced by Consignee.

Proposed closing date: . Possession to be delivered on unless otherwise agreed in writing.

Marketing, Expenses, and Advances

Consignee is authorized to market the Property by reasonable means, including advertising, photography, online listings, broker tours, and signage. Consignor authorizes the expenditure of up to $ without prior written approval. Expenses in excess of that amount require Consignor approval and will be reimbursed to Consignee at closing.

Yes No

Inspections, Access, and Condition

Consignor warrants, to the best of Consignor's knowledge, that the Property is not encumbered by material undisclosed liens other than those disclosed in this Agreement and that Consignor has full authority to enter into this Agreement and consummate a sale.

Mandatory Disclosures

The following conditions are disclosed by Consignor as required by law. Check applicable box.

Lead-based paint disclosure: Yes No

Known mold or water intrusion: Yes No

Prior material damage or structural alterations not permitted by applicable codes: Yes No

Default, Remedies, and Termination

If Consignor fails to perform any material obligation under this Agreement, Consignee may terminate the Agreement and be entitled to reimbursement for documented marketing expenses and a reasonable fee. If Consignee fails to use commercially reasonable efforts to market the Property, Consignor may terminate after written notice and a ten (10) day cure period.

In the event of an accepted offer, Consignor authorizes Consignee to deposit earnest money into escrow in accordance with escrow instructions. If Consignor wrongfully cancels or refuses to close an accepted contract, Consignee may seek damages including retained earnest money and commission as permitted by law.

Title, Closing and Prorations

Title shall be conveyed by general warranty deed (or other instrument as agreed) free and clear of liens except those specifically approved by buyer. Closing costs and prorations shall be allocated as set forth in the purchase contract; absent agreement, customary local practice governs.

Insurance and Indemnity

Consignor shall maintain insurance on the Property during the term and shall indemnify and hold harmless Consignee from claims arising from Consignor's breach of warranty, misrepresentations, or failure to maintain the Property, except to the extent caused by Consignee's gross negligence or willful misconduct.

Governing Law; Entire Agreement

This Agreement shall be governed by the laws of the state of . This Agreement, together with any addenda and signed offers, constitutes the entire agreement between the parties and supersedes all prior negotiations and representations.

Notices

Special Provisions

Sign Now