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 | 2075 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1321 |
171 | Real Estate Law 33 | 2019.05.08 | 96 |
170 | Real Estate Law 34 | 2019.05.08 | 96 |
169 | Real Estate Law 35 | 2019.05.08 | 109 |
168 | Real Estate Law 36 | 2019.05.08 | 96 |
167 | Real Estate Law 37 | 2019.05.08 | 95 |
166 | Quiz 6 | 2019.05.08 | 7649 |
165 | Real Estate Law 38 | 2019.05.08 | 109 |
164 | Real Estate Law 39 | 2019.05.08 | 151 |
163 | Real Estate Law 40 | 2019.05.09 | 104 |
162 | Real Estate Law 41 | 2019.05.09 | 102 |
161 | Real Estate Law 42 | 2019.05.09 | 90 |
160 | Real Estate Law 43 | 2019.05.09 | 97 |
159 | Real Estate Law 44 | 2019.05.09 | 86 |
158 | Real Estate Law 45 | 2019.05.09 | 93 |
157 | Quiz 7 | 2019.05.09 | 9896 |
156 | Real Estate Law 46 | 2019.05.10 | 91 |
155 | Real Estate Law 47 | 2019.05.10 | 90 |
154 | Real Estate Law 48 | 2019.05.10 | 102 |
153 | Real Estate Law 49 | 2019.05.10 | 86 |
152 | Real Estate Law 50 | 2019.05.10 | 95 |
151 | Real Estate Law 51 | 2019.05.10 | 92 |
150 | Real Estate Law 52 | 2019.05.10 | 95 |
149 | Real Estate Law 53 | 2019.05.10 | 778 |
148 | Quiz 8 | 2019.05.10 | 11440 |
147 | Real Estate Law 54 | 2019.05.11 | 105 |
146 | Real Estate Law 55 | 2019.05.11 | 86 |
145 | Real Estate Law 56 | 2019.05.11 | 138 |
144 | Real Estate Law 57 | 2019.05.11 | 272 |
143 | Real Estate Law 58 | 2019.05.11 | 99 |
142 | Real Estate Law 59 | 2019.05.11 | 93 |