Seller's Listing Agreement Overview

The time period in which the Broker has exclusive rights to sell, exchange or option the property.

The initial money paid by the Seller to the Broker for their services.

The fee paid to the Broker for their services.

A percentage of the purchase price or a fixed amount that the Seller agrees to pay the Broker for their services.

Various scenarios that trigger the Seller's obligation to pay the Broker's fee, even if the Broker didn't successfully sell the property.

The price the seller is asking for the property.

A document detailing how much the seller will receive after the sale, factoring in expenses and costs.

A list of expenses the seller agrees to cover during the sale process.

The different payment options the buyer can choose from to purchase the property.

A detailed plan for how the seller will handle the proceeds from the sale of the property.

A time period during which the broker is obligated to find a buyer for the property even after the listing agreement has ended, if a similar transaction occurs with a buyer they negotiated with during the listing period.

A fee paid by the seller to the broker for their services in finding a buyer for the property, often a percentage of the sale price.

When a broker negotiates the purchase of a replacement property for the seller, they may be entitled to an additional fee, based on the original fee amount.

An hourly rate paid to the broker for their services if the listing agreement terminates without a sale, it helps ensure the broker is compensated for their time investment.

A formal document that outlines the legal relationship between the seller and broker, clarifying their responsibilities and rights.

A process where parties try to resolve a dispute with the help of an independent mediator, aiming to reach a mutually acceptable resolution.

A broker may represent both the buyer and seller concurrently, leading to a potential conflict of interest because they may be obligated to act in the best interests of both parties.

The prevailing party in a legal dispute is entitled to attorney fees and costs only if they attempted mediation before filing the lawsuit.

This specific Listing Agreement is subject to and interpreted according to California law.

This refers to the type of real estate being listed, its name, and details about how it is owned.

This section outlines recorded liens or financial obligations associated with the property, such as mortgages.

This refers to the initial mortgage on the property, including its amount, monthly payment, interest rate, and type.

This section details a potential second mortgage on the property, including its amount, monthly payment, interest rate, and due date.

This section allows for the listing of any other financial obligations, bonds, assessments, or liens associated with the property.

This section identifies the personal property included in the listing, such as appliances or fixtures.

This section details any existing encumbrances or loans associated with the personal property included in the listing.

This clause clarifies that addenda regarding different aspects of the listing are attached, providing further information and disclosures required by law.