Exclusive vs Non-Exclusive
States whether the broker has sole right to market and earn commission; exclusivity affects seller ability to self-sell and termination remedies.
A clear, complete listing agreement sets expectations on pricing, marketing, seller obligations, and broker authority, reducing later disputes.
Common participants include the property owner(s), the listing broker or brokerage firm, and any co-owners or authorized signatories who hold title or power of attorney.
Confirm the legal capacity and title authority of each signer before execution to avoid enforceability issues and commission disputes.
States whether the broker has sole right to market and earn commission; exclusivity affects seller ability to self-sell and termination remedies.
Defines rate or flat fee, when payable (typically at closing), and treatment of buyer-sourced sales or post-listing referrals.
Grants broker permission to advertise, show, photograph, and list on MLS and third-party platforms, including any reimbursement obligations.
Seller affirms authority to sell, discloses known defects, liens, and legal encumbrances affecting the transaction.
Describes notice requirements, post-listing protection periods for commission claims, and effects of rescission or breach.
Allocates responsibility for errors, marketing costs, and legal fees; limits broker liability to contractually agreed caps where allowed.
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