Exclusive Right To Sell Or Lease Listing Agreement - Mls, Texas Real Estate Commission

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Exclusive Right to Sell or Lease Listing Agreement
The MLS and the Texas Real Estate Commission rules require that you sign a listing agreement before we can list your
property on the MLS.
I agree to notify BROKER WITHIN 24 HOURS of any status change and provide copies of contracts to broker, per TREC
rules. This applies to any type of sale or lease of the property.
This LISTING AGREEMENT is by and between:
Owner Name/s______________________________________________________ and Listing Results, LLC (Broker) and
provides that in consideration for providing services described herein, owner hereby appoints Broker as owner’s listing
Broker to list the property at a sale/rental price of $_______________________________________________________
Address________________________________________________________________________________________
City/Zip____________________________________________________ in _____________________________County.
Broker will file this listing with the Multiple Listing Service (MLS). Owner authorizes Broker to submit information about this
property on the MLS. MLS rules require Broker to accurately and timely submit all information to the MLS required for
participation including: leased or sold data, so that subscribers to the MLS may use the information for market evaluations
or appraisal purposes. This agreement also grants the MLS the right to down load your listing to the applicable public
websites.
Owner may cancel this agreement at any time, unless the property is under contract. Owner grants Broker the
exclusive right to list the property, which means owner cannot list property on the MLS with a different broker without first
canceling this agreement with Listing Results, LLC.
You have to offer a buyer agent commission. The industry norm is 3% of the total sales price at closing (on for sale
listings) or ½ the first month’s rent ( on for lease listings) which you are agreeing to by your signature; unless you write a
different commission in the blank below.
BROKER FEE/COMPENSATION ………. The two possible commission/fee scenarios are:
Scenario #1 if buyer/tenant is procured by a buyer’s agent/broker - Your fee is the non-refundable fee you paid Listing
Results, LLC at time of listing plus a _______________% total sales price at closing to the agent/broker that brings the
buyer/tenant to the property. This fee will be paid to the one agent/broker that brings an able buyer/tenant for your home
and is paid at closing per terms of this contract. If nothing or N/A is written in the blank above you are offering a 3% (of the
sales price) or 1/2 of the first month's rent (of the lease amount) as commission.
Scenario #2 if buyer/tenant is procured by any other means (without a buyer’s agent/broker) the only fee paid by seller is
the non-refundable fee paid at the time of listing, (one of the listing packages you have chosen) and 1/2% if you have
signed up for the Full Service plan.
You must initial one line only below:
_______ (initials) I have signed up for the Full Service package and I agree to the 1/2% commission to Listing Results,
LLC at closing. The Full Service is the only until sold listing package.
_______ (initials) I have not signed up for the Full Service package and I owe no additional commission to Listing Results,
LLC at closing.
COOPERATION WITH “OTHER BROKERS” (BUYER AGENT/BROKER): Broker will allow Other Brokers (i.e. buyer
agents/brokers) to show the property to prospective buyers/tenants. Owner authorizes listing broker to offer a
compensation/fee discussed above to any participating broker (buyer’s agents/broker) in the MLS. This fee is earned and
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