Not understanding the terms of a listing agreement can lead to harsh feelings (or lawsuits!) if the sale goes wrong. The seventh article deals with the possibility for the seller to “cooperate with other agents and agencies” of the Agency. In this case, a predetermined commission of that sale, which would be due to that licensee, should be clearly documented here. Look for the two spaces in this article and use them to report this commission rate. In “VIII. Disclosed Dual Agency”, we will look at the scenario in which the broker acts as the sole licensee between the seller and the buyer. Of course, the broker is required to disclose this information, but you must first indicate whether the seller will allow the agency to behave in this way. If this is the option, enable the “Allow the disclosed dual agency” box. .
The Most Commonly Used Form Of Listing Agreement Is The
October 11, 2021