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A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
Notarization by a notary public is normally not required for a real estate contract, but many recording offices require that a seller's or conveyor's signature on a deed be notarized to record the deed. The real estate contract is typically not recorded with the government, although statements or declarations of the price paid are commonly ...
The entity disposing, conveying, and selling the assets is referred to as the seller or vendor. [3] A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust, or farmout agreement. [4]
Properties listed in the fall usually take the longest to sell, and once they do, they have just so-so sale prices, at least from the seller’s perspective, the report found.
On a $400,000 home sale, for example, 3 percent comes to $12,000. Keep in mind: Real estate commissions are typically negotiable. However, a listing agent does a lot to earn their fee.
Read on for tips on how to sell your home while still living in it. Declutter, deep clean and depersonalize Before hosting your first showing, take the time to make it ready for the spotlight.
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