Fill and Sign the Per Stirpes Means that If a Named Person Dies Before You Form

- 1 - LISTING AGREEMENT THIS AGREEMENT made by and between ________________________________ & _____________________________________, hereinafter collectively referred to as "Owner," and “Broker." Recitals: 1. Owner is the owner of that certain real property situated in ____________________ County, State of ______________________, commonly known as ___________________________________ and hereinafter referred to as the "Property," and more particularly described as (legal description): 2. Owner desires to sell the Property and, accordingly, Owner desires to grant to Broker the [exclusive and irrevocable] right to sell the Property in accordance with the provisions of this Agreement. Broker is a duly licensed real estate salesman [or broker] in the State of ______________________, and desires to have the [exclusive] authority to sell the Property in accordance with the provisions of and for the compensation provided for in this Agreement. THEREFORE, Owner and Agent agree as follows: 1. Grant of Right. Owner hereby grants to Broker the [exclusive and irrevocable] right, commencing on ________________________, and expiring at ________.m. on ___________________, to sell the Property. 2. Personal Property Included. In addition to the real property described above, the Property to be sold [or exchanged or sold] includes the personal property itemized in the inventory attached hereto as Exhibit ____, which exhibit is incorporated in and made a part of this Agreement. 3. Incorporation of Information Checklist. As a further description of the Property, the parties have jointly prepared statements and information, which appear in the Property Information Checklist, which checklist is attached to and incorporated in this Agreement as Exhibit A. 4. Terms of Sale. The selling price of the Property shall be $_____________ which shall be paid on the following terms: _______________________________________________________________________________or at such price and terms as shall be acceptable to Owner, and to accept a deposit thereon. 5. Open Listing. This Agreement is commonly known in the trade as an open listing and if, during the period of this Agreement, the sale of the Property is consummated and the deed or other
Authorization, which constitutes a lien upon the property or interests therein, is in writing, the proceeds of the sale are to be paid into the escrow account established hereunder. 6. Prepayment of cost of appraisal. Owner agrees to pay the appraisal value of the property to broker before the closing of the sale of the property. The estimate of the owner required by section 19-3 of this agreement shall be a “prepayment" of this appraised value and shall constitute a lien upon the property or interests therein as set forth herein. 7. Closing. The closing of the sale of the property shall be as set out in this agreement and will be a public process and shall be carried out under the general supervision and control of the parties hereto in accordance with the provisions of the uniform commercial code. 8. Deposits of buyer. Buyer agrees to pay as a consideration for the agreement to sell the property the full price originally paid by the broker or other escrow agent for the sale ‐ cash or otherwise, including (at the discretion of the escrow agent) a combination of cash and cashier's checks in funds issued by a bank approved by, and authorized by, the commissioner of financial institutions for federally insured deposit accounts. The following information has been added to the original listing: this website contains information from real estate investment trusts, a type of corporate entity that can be used by individuals, as well as by businesses and governmental entities. Real estate investment trusts provide individuals with opportunities for both short-term and long-term investments in the assets of companies or other nonprofits, such as nonprofit education or medical hospitals. A real estate investment trust is an individual's or entity's ownership of investment shares in a publicly traded corporation. Some types of investments are more promising than others and are more likely to produce long term benefits. Real estate investment trusts are a way for individuals or small businesses to acquire shares in a company or other nonprofit that are not traded on a stock market or traded on an exchange. Real estate investment trusts do not require a registered agent to act on their behalf and are run independently of the organization or entity that is buying their shares. They usually have limited reporting obligations to members, members' family members, and corporate directors. This agreement makes it clear that the broker is the legal owner of the house. It does not change the legal identity of the owner of the house —