Chapter 6: Listing Contracts Summary
Listing agreement (must be in writing to be enforceable) creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction.
Bilateral employment contracts - promise to pay a commission in exchange for the broker's promise to locate a "ready, willing and able" buyer for the seller or a suitable property for the buyer.
California Listing Agreement
California law requires that the sellers receive a copy of the listing agreement at the time the signatures are obtained. A buyer has no need to ever see this agreement.
Paragraph 3 - Listing Price and Terms - unless the terms are specified, a seller is not required to pay a commission when refusing a full price offer unless the offer is all cash.
Paragraph 4 - Compensation to Broker
Paragraph 7 - Seller Representations - awareness of any legal, financial or physical reasons that would affect the seller's ability to sell the property.
Paragraph 11 - Security and Insurance - the broker is not responsible for loss or damage to the property, even with a lockbox present.
Paragraph 12 - Keysafe/Lockbox - people using the lockbox are not insured against theft, damage, vandalism, etc. attributed to lockbox use.
Paragraph 20 - Entire Contract - anything that is not written into this agreement is not part of the agreement.
Listing Packet Forms
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
439 | FINAL TEST 2 (50) | 2019.04.02 | 18337 |
438 | FINAL TEST 1 (50-CORRECTION) | 2019.04.01 | 14993 |
437 | Quiz 8 | 2019.05.10 | 11442 |
436 | Quiz 7 | 2019.05.09 | 9900 |
435 | Quiz 14 | 2019.05.16 | 9446 |
434 | Quiz 5 | 2019.05.07 | 9035 |
433 | Quiz 12 | 2019.05.15 | 8858 |
432 | Quiz 10 | 2019.05.12 | 8839 |
431 | Quiz 15 | 2019.05.17 | 8702 |
430 | Quiz 3 | 2019.05.05 | 7920 |
429 | Quiz 6 | 2019.05.08 | 7653 |
428 | Quiz 11 | 2019.05.13 | 7468 |
427 | Quiz 13 | 2019.05.16 | 7291 |
426 | Quiz 9 | 2019.05.11 | 7147 |
425 | Quiz 4 | 2019.05.06 | 6187 |
424 | Quiz Law 1 | 2019.05.03 | 5932 |
423 | Quiz Law 2 | 2019.05.04 | 5673 |
422 | FINAL TEST 1 (50) | 2019.04.01 | 4751 |
421 | Review Quiz - BOOK 2 | 2019.04.29 | 4749 |
420 | ‘창고 집’에 사는 美 신혼부부 “작은 집, 금슬도 좋아져” | 2017.07.21 | 1743 |
419 | Economic and Physical Characteristics of Land | 2019.03.02 | 1699 |
418 | Redding, CA 96002 | 2017.07.24 | 1593 |
417 | Internet Advertising Regulations & DRE's Regulations | 2019.02.27 | 1395 |
416 | TEST | 2019.09.02 | 1393 |
415 | redding 8/24/17 | 2017.08.24 | 1259 |
414 | {new}Anaheim, CA 92801 $350,000 | 2017.07.26 | 1188 |
413 | Here are four great reasons to consider buying a home today... | 2017.10.05 | 1184 |
412 | 6028 Mid Drive Trl, | 2017.08.19 | 1178 |