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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:
The Buyer Agent owes fiduciary duties to the Buyer under this relationship and agreement, including fidelity, honesty, dedication to purpose, acting in the Buyer's best interests, etc. [5] The commission to be paid to the Buyer's Agent in the Buyer Agency Agreement, though ultimately the Buyer's obligation, is generally offset in whole or in ...
The conveyance is done by the seller(s) signing a deed for buyer(s) or their attorneys or other agents to record the transfer of ownership. Often other paperwork is necessary at the closing. The date of the closing is normally also the date when possession of the real estate is transferred from the seller(s) to the buyer(s). However, the real ...
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The obligations of a buyer’s agent to you. Legally and ethically, buyer’s agents have six key obligations to you. Loyalty: They must be loyal to you and your interests. Not theirs. Not the ...
Agents involved could copy and process the paper- or email-based property data. The main agent was treated as the vendor; all sales progression went through her and commission was split upon completion. The Dark Years: In the late 1990s many of the smaller agencies were acquired by larger companies, breaking many of the MLS relationships that ...
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