Real Estate Listing for California Terrace

REAL ESTATE LISTING AGREEMENT — CALIFORNIA TERRACE

This Real Estate Listing Agreement (Agreement) is entered into between Seller Name: and Listing Broker / Brokerage: . The parties agree as follows with respect to the property identified below, commonly referred to as "California Terrace."

1. PARTY CONTACT INFORMATION

2. PROPERTY IDENTIFICATION

Property Street Address:

3. LISTING TERM

Listing Commencement Date:    through   

Type of Listing: . Seller grants Broker the authority to list, advertise, and negotiate sale of the Property in accordance with the terms of this Agreement.

4. PRICE AND COMPENSATION

Broker Compensation: Seller agrees to pay Broker a commission of of the gross sale price, or a flat fee of $, whichever is specified in writing. Compensation due at escrow closing, whether sale is to a buyer procured by Broker or another source, subject to the terms herein.

Cooperating Broker Split / MLS Offer of Compensation: . Payment to cooperating brokers is contingent on buyer closing.

5. EARNEST MONEY, ESCROW, AND CLOSING

Closing Date (anticipated):

6. MARKETING, ACCESS, AND SHOWINGS

Seller authorizes Broker to market the Property including placement on the MLS, syndication to cooperating brokers, placement of signs, professional photography, virtual tours, and broker open houses. Permission for actions (check all that apply):

Professional photography and virtual tour    Lockbox installation    Yard sign    Open houses

7. SELLER REPRESENTATIONS AND WARRANTIES

Seller represents that Seller is the sole owner of the Property, has full authority to sell, and that there are no known material defects, liens, judgments, or other encumbrances not disclosed to Broker in writing except as disclosed below. Seller will timely provide legally required disclosures and will not knowingly make any material misstatement or omission regarding the Property.

8. DISCLOSURES

Lead-Based Paint (if Property was built before 1978): Yes   No

Known Mold or Water Intrusion: Yes   No

Prior Material Damage or Structural Repairs: Yes   No

9. AGENCY, DUAL AGENCY AND COOPERATION

Broker acts as Listing Broker for Seller. Seller acknowledges that Broker may act as dual agent or transaction broker if Broker represents both Seller and a prospective buyer, subject to Seller's informed consent. Seller: Consents to dual agency    Does not consent to dual agency

10. MAINTENANCE, UTILITIES, AND POSSESSION

Seller will maintain the Property in substantially the same condition until closing and will disclose any known change in condition. Utilities and maintenance responsibilities remain Seller's until possession is delivered to Buyer at closing or as otherwise agreed in the purchase contract.

11. DEFAULT, REMEDIES, AND INDEMNIFICATION

If Seller breaches this Agreement, Broker may pursue remedies available at law or equity, including recovery of the agreed commission if Broker procured a ready, willing, and able buyer or performed services in good faith that produced a bona fide buyer. Seller agrees to indemnify and hold Broker harmless from claims, costs, and liabilities arising from Seller's misrepresentations, failure to disclose known defects, or breach of Seller's obligations hereunder, except to the extent caused by Broker's gross negligence or willful misconduct.

12. MISCELLANEOUS

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of California. Venue for any dispute shall be in the county where the Property is located unless otherwise agreed in writing.

Entire Agreement: This Agreement contains the entire agreement of the parties regarding the subject matter and supersedes all prior agreements, understandings, and negotiations, whether written or oral. Any amendment or modification must be in writing and signed by both parties.

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