The agreement may be set up so that the seller doesn’t pay a commission if they find a buyer without the agency’s help (“exclusive agency”) or can even hire multiple agencies (“open listing”).
Other important factors that must be determined in a listing agreement are the commission rate, the length of the agreement, marketing and advertising, and the duties and obligations of both parties.
- Laws – BPC § 10018.14 – 10018.17
- Dual Agency (CIV § 2079.13(d), § 2079.16 and § 2079.17) – A real estate broker can act as the agent for both the seller and buyer as long as both parties have provided written consent.
- Purchase Agreement – For entering into a contract over the sale of the property. Completed and signed by the buyer, seller, and agent(s).
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Realtor Version
California Association of Realtors Residential Listing Agreement – This is an exclusive authorization and right to sell listing agreement for residential real estate in the state of California that can be used by real estate brokers to obtain the exclusive right to sell an owner’s real property.
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Disclosures / Waivers (9)
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