Thursday, 08 April 2010 06:57

Open Listing Realty Agreement

Written by
Rate this item
(0 votes)

1. This agreement signed on the ______ day of ____________, 20 ____, by and between _______________________(Owner) and __________________ (Real Estate Broker) who agree as follows:

2. Listing term. Owner lists the property described in Paragraph 3, with the Real Estate Broker for a period of _______, days from date hereof.

3. Description of Property. The property listed is located at

4. Commission: The Owner agrees to pay the Real Estate Broker a commission of ____% of the sale price should the Broker find a purchaser ready willing, and able to pay at least $------ for the property or such other sum as may be accepted by Owner. Said commissions are payable upon closing.

5. Non-exclusive: The Owner retains the right to sell the property directly on his [or her] own behalf with no sales commission to broker, so long as the Broker did not find this purchaser. The Owner further has the right to list the property with other brokers. If a sale is made within _________ months after this agreement terminates to parties found by the Real Estate Agent during the term of this agreement, and wherein the buyer has been disclosed to the Owner, the Owner shall pay the commission specified above.

6. Forfeit of Deposit: If a deposit of money is forfeited by a purchaser produced by Broker, one half shall be retained by the Broker, provided this amount does not exceed the commission, and one half shall be paid to the Owner.

7. Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each party to this Agreement will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Agreement and the transactions contemplated hereby.

8. Mutual Understanding. Each party has read this entire Agreement, fully under
Read 165 times