Termination date – You should not sign a list contract without a termination date. The most frequent duration is 180 days. If the contract is indefinite, z.B until the sale, or is not indicated on a permanent basis, do not sign it. The list contract is a legally binding document and you do not want to be stuck in a clearly defined termination date. When the contract expires before your home is sold and you still want to use the same broker, you can simply sign a new contract. This part of the agreement specifies the type of contractual relationship we will have. This describes the obligations and responsibilities that real estate agents have towards our clients. These are essentially: Title – All list contracts ask who has ownership of the property. Real estate can only be sold if anyone involved in the property is part of the sale. In addition, the list agreement contains other contractual terms such as law, mediation and other details of the agreement. I will discuss the full contract in detail at the time of the listing agreement.

Welcome to RE/MAX! This page describes the terms and conditions that govern your use of the remax.com website, including your subscription to an RE/MAX account (together the “website”). Information about RE/MAX`s data collection practices can be found in RE/MAX`s privacy statement. The agreement gives your agent the exclusive right to sell your property for a fixed period of time. This means that no matter how a buyer is purchased – THE MLS, my site, word of mouth, recommendation, or even someone you spoke with in the church – your agent (me) is compensated for the sale and works on your behalf to get the buyer and help you get through the closing process. It protects us for the marketing investments we will make on your behalf, and this protection helps your agent (me) fully engage in the sale of your home. Compensation – For a contract to be valid, there must be compensation. The listing contract will indicate the amount and date of payment to your broker. As a general rule, the payment is an agreed percentage of the sale price payable at closing.

It is important to note that your obligation to pay your broker does not necessarily depend on a sale transaction. For example, if the real estate agent finds a good faith buyer who is willing to pay your price and accept the terms you have offered, but you have cold feet at the last moment and you decide not to sell, the broker has done his job and is allowed to be paid under the terms of the list contract. I use the Standard Oklahoma Real Estate Commission Residential Real Estate Listing Form to list your property. This is a written and binding contract that explains how I will market your house and how much I am paid for it. This form describes the duration of our agreement and the responsibilities of both parties. Here are some important parts of the document: If the ban on class conciliation is considered invalid or unenforceable, the remaining parts of the arbitration agreement remain in force.